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

Answers were Sorted based on User's Feedback



Rent Paid Rs.12000/- (which is included for the whole year i.e Jan to Dec) and they have asked me ..

Answer / jaykumar

when rent paid 12,000/-
prepaid rent A\C Dr 12000/-
To,cash or bank A\C 12000/-

for jan month,
rent A\C Dr 1000/-
To,prepaid rent A\C 1000/-

for feb month,
rent A\C Dr 1000/-
To,prepaid rent A\C 1000/-


for march month,
rent A\C Dr 1000/-
To,prepaid rent A\C 1000/-

Is This Answer Correct ?    80 Yes 19 No

Rent Paid Rs.12000/- (which is included for the whole year i.e Jan to Dec) and they have asked me ..

Answer / hashim bim ali

in this case two entries has to be passed, the first entry
will be .
rent a/c..........dr
to cash.........
2-advace rent a/c dr
to cash

Is This Answer Correct ?    55 Yes 23 No

Rent Paid Rs.12000/- (which is included for the whole year i.e Jan to Dec) and they have asked me ..

Answer / varun paliwal

rent a/c dr 3000
rent advance a/c dr 9000
to cash a/c 12000
( being it assume that finacial calender yr as per india )

Is This Answer Correct ?    36 Yes 8 No

Rent Paid Rs.12000/- (which is included for the whole year i.e Jan to Dec) and they have asked me ..

Answer / jaidev guin

It is assumed that the rent is paid in the month of January.
31st Jan: Rent A/C Dr 1000
Advance Rent A/C Dr. 11000
To Cash 12000

28th Feb : Rent A/C Dr. 1000
To Advance Rent A/C 1000

31st March: Rent A/c Dr. 1000
To Advance Rent A/C 1000

Is This Answer Correct ?    33 Yes 6 No

Rent Paid Rs.12000/- (which is included for the whole year i.e Jan to Dec) and they have asked me ..

Answer / sathishkumar

Rent A/C Dr 3000.00
To Cash A/C 3000.00
( BEING CASH PAID FOR THE MONTH OF JAN TO MARCH )

Is This Answer Correct ?    51 Yes 37 No

Rent Paid Rs.12000/- (which is included for the whole year i.e Jan to Dec) and they have asked me ..

Answer / sumit kumar

if it is paid on january

rent A/c 1000
prepaid rent 11000
To Cash 12000

in the month of february

rent A/c 1000
To prepaid rent 1000

Is This Answer Correct ?    13 Yes 1 No

Rent Paid Rs.12000/- (which is included for the whole year i.e Jan to Dec) and they have asked me ..

Answer / prince

Rent exp a/c 3000
Prepaid Rent Exp a/c 9000
To Cash/Bank a/c 12000

Is This Answer Correct ?    9 Yes 2 No

Rent Paid Rs.12000/- (which is included for the whole year i.e Jan to Dec) and they have asked me ..

Answer / kiran kumar k

For Jan
Rent A/c.............Dr. 1000
Prepaid Rent A/c.....Dr. 11000
To cash/bank .................A/c.Cr 12000

For Feb
Rent A/c.............Dr.1000
to Prepaid Rent........A/c.Cr. 1000

FOr March

Rent A/c.............Dr.1000
to Prepaid Rent........A/c.Cr. 1000

and So on for each month upto Dec.

Is This Answer Correct ?    9 Yes 2 No

Rent Paid Rs.12000/- (which is included for the whole year i.e Jan to Dec) and they have asked me ..

Answer / rupan

WHEN RENT IS PAID
RENT ADVANCE A/C DR
TO CASH


WHEN RENT BECOMES DUE
RENT A/C DR
TO RENT ADVANCE A/C

Is This Answer Correct ?    23 Yes 19 No

Rent Paid Rs.12000/- (which is included for the whole year i.e Jan to Dec) and they have asked me ..

Answer / kamran jamal

DEBIT CREDIT
----- ------
JAN
PREPAID RENT 12000
CASH 12000
(To book liabilites in books)
--------------------------------------------------
DEBIT CREDIT
----- ------
JAN
RENT EXPENSE 1000
PREPAID RENT 1000
(To charge 1st month Rent Expense in books
-------------------------------------------------
DEBIT CREDIT
----- ------
FEB
RENT EXPENSE 1000
PREPAID RENT 1000
(To charge 2nd month Rent Expense in books
-------------------------------------------------
DEBIT CREDIT
----- ------
FEB
RENT EXPENSE 1000
PREPAID RENT 1000
(To charge 3rd month Rent Expense in books)
-------------------------------------------------

Is This Answer Correct ?    5 Yes 2 No

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