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Rent paid rs 2000 in Jan and feb 2009. What will the entry
in Feb 1st 2009.
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Answer / sekhar
rent a/c dr 1000
prepaid rent a/c dr 1000
to cash a/c 2000
being one month rent paid in advance
| Is This Answer Correct ? | 15 Yes | 0 No |
Answer / nazeer hussain.h
Rent A/c Dr 2000
Pre Paid Rent A/c Dr 2000
Bank / Cash A/c Cr. 4000
(Since Rent paid in Jan exp booked in Jan, where as for Feb
rent paid in advance booked in prepaid a/c)
| Is This Answer Correct ? | 12 Yes | 3 No |
Answer / harsha
im am not sure wheather it is 2000 for jan and feb or for
jan it is 2000 and feb 2000 i will take it as 2000 rs paid
for both the month the journal entry will be
rent account dr 1000
prepaid rent account dr 1000
to cash account 2000
for rent paid for jan and feb
in feb the entry will be
rent account dr 1000
to prepaid rent account 1000
the prepaid rent gets knock off by rent account in month
of feb
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / manish vatsaya
On 1st Feb
Rent A/c -----------------Dr.1000
Prepaid Rent A/c----------Dr.1000
To, Cash/Bank 2000
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / raghav vijayan
this Question is clearly mentioned in which amount paid
per month in Rent
Rent A/c Dr 2000
Bank A/c 2000
I think so, leave your comments
| Is This Answer Correct ? | 3 Yes | 0 No |
1) Rent A/c Dr. 2000/-
To Rent Payable A/c 2000/-
(Being Rent Due for the Month of Jan)
2) Rent Payble A/c Dr. 2000/-
To Cash/ Bank 2000/-
(Being Rent paid for the M/o Jan)
Note- Same entry will be pass for Feb-)
Please leave your comment
| Is This Answer Correct ? | 7 Yes | 5 No |
Answer / sharada
rent payable a/c dr 2000
to cash a/c 2000
(being the jan salary paid in feb 1st 2009)
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / sharada r
31-1-2009 Rent A/c Dr 2000
To Rent payable A/c 2000
(Being the Rent due for the month of Jan)
1-2-2009 Rent payable A/c Dr 2000
To Cash A/c 2000
(Being the january month salary paid)
These are Accrual accounting transaction.
| Is This Answer Correct ? | 0 Yes | 0 No |
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