Answer / naren

1)Rent A/C Dr 12000/-
To Cash/Bank 12000/-
(Being Rent Received for Jan to Dec 1000*12=12000)

2)Rent A/C Dr 3000/-
Rent in Advnace Recevied A/C 3000/-
(Being Rent Paid in Advance for 3 Month 3*1000=3000
(Jan ,Feb and March)

3)
Profit& Loss A/C

To Rent 12000
Less Prepaid Rent -3000

Net 9000/-

Answer / muhammad ali

01 prepaid rent 12000
cash 12000
adjustment
rent exp 3000
prepaid rent 3000

Answer / 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

Answer / simran

Prepaid Rent A/c ...Dr. 12000
To Rent A/c 12000

Answer / rohit gupta

First 9 month entry (i.e APr to Dec)

Rent A/c Dr
To Vendor
To Tds Rent @ 10%

Second 3 month Entry (I.e Jan to March)

Prepaid Rent A/c Dr
To Rent Payble

Answer / dhairya gupta

Rent Paid A/c Dr. 3000/-
Advance Rent Paid A/c Dr. 9000/-
To Cash 12000/-


Rent A/C Dr. 9000/-
To Advance Rent Paid A/c 9000/-

Answer / sreekanth

rent a/c 12000
to cash 12000

adv rent a/c 3000

to rent a/c 3000

Answer / shaiksikander

Rent a/c dr 12000

to cash 12000

every month he pay the rent like dis till jan to december.

Answer / sumit kumar

take the figure of 1000000 for the year instead of 12000/-
tds will be deducted, what will be the entry, party name
should also appear.

Answer / b.narasimha rao

ADVANANCE RENT A/C DR 12000
TO RENT A/C 12000

FOR JAN

RENT A/C DR 1000
T0 CASH/BANK 1000

FOR FEB
RENT A/C DR 1000
TO CASH/BANK A/C 1000

FOR MARCH

RENT A/C DR 1000
TO CASH /BANK 1000

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