The Actual Rent was 12000,in the month of Feb i had paid
15000 and in the month of march i had paid 3000. Pass the
necessary Journal entry for this.
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Answer Posted / atul
For the month of Feb:
Rent A/c Dr 12000
Prepaid rent A/c Dr 3000
To Landlord A/c 15000
Landlord A/c Dr 15000
To Bank A/c 15000
For the month of March:
Rent A/c Dr 12000
To Prepaid rent A/c 3000
To Land lord 9000
Landlord A/c Dr 9000
To Outstanding rent A/c 6000
To Bank A/c 3000
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