Rent Paid Rs.12000/- (which is included for the whole year
i.e Jan to Dec) and they have asked me to give Journal
Entry for the
Entry for the Month of Jan, Feb and March
Answer Posted / surendra
1. At the time of Prepaid receipt you have to pass the JE
Prepaid rent a/c Dr. 12000
To Bank / Cash a/c 12000
2. To net of period wise you need to pass the JE month on month like
Rent a/c Dr 1000
To. Prepaid rent a/c 1000 (Jan,feb, march,...Dec)
3.The final JE will be at the end of the period is
Rent a/c Dr. 12000
To Bank / Cash a/c 12000
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What is re-financing in Letter of Credit settlement
Mr. X buys an asset of Rs. 1000/- in cash and with it get an free gold coin what is the general entry for this?
is advance against FD or RD is treated as NPA .if EMI is not in scheduled . or classification of npa as per day is is made from sanction date or last payment date of repayment . please suggest me
What type of Questions are asked for Interview in Infosys - Financial Process. Any one who is into Research Analyst or Process Executive role, kindly contribute the Questions faced by you?
Two months rent of Rs 25000/- was adjusted in Rental advance account at the time vacating office
What is the difference between reserve and provision.
what is crisil?what is the advantage of crisil rating?
Expand---------PDCB
if you fix salary to some body for Rs.10000/- what are the segregations to be done and what are the deductions to be done (segregations like basic, da,ta,conveyance etc., how ? what percentage what speaks law) and deductions what are those like, pf,esi,pt, etc., what ever
what type of questions are asking for fund administration???
Hi, I would like to check if my understanding is correct I have a negative amount for provision of income tax in my balance sheet from my previous financial year.What are the accounting treatments for income tax paid and then refunded to you for the current year? Is this correct? For payment Dr provision of income tax cr bank For tax refund Cr provision of income tax Dr bank Do I need to input anything in income tax expense acct?
how to maintain E-Commerce companies accounts
The partners agreed to take hero honda vehicle of Rams as firms vehicle by giving credit to his capital account. The vehicle was valued for Rs 65000/-Pass necessary entry
business sepsarate entity concepts
define accounting,scope of account , types of account ?