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 / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

HOW MUCH LATEST ACCOUNTING STANDARDS , TDS RATE , INCOME TAX RATE, EXCISE , VAT , SERVICE TAX & FBT RATES? (PLS. ARRANGE TO SEND THE RATES FOR ABOVE IN CATAGORY & LIMIT WISE)

2985


Clasify capital

1519


Can anybody tell me how much salary m show in my resume for expection for the next job m graduate 2year accounts experience?

1539


What is finance lease

1723


what is the meaning of Processing Vendor/Employee payments

2396






we are run construction (residence & commercial)last year we are sale 4 flats (16 flats apartment) registration value example:10.75 * 4 = 43.00 but we are collected from customers 45.00 total so 45 - 43 = 2.00 this amount we are booking additional agreements work amount (income)because we are standing sub contractors expendeture side 2.00, we are service tax paid or not ?

1480


1.explain the accounting concepts ? 2.what are the objectives of preparing a trail balance ?

1495


From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.

2552


what is the main link between the income statement and the balance sheet?

1628


What are direct income and indirect income

1557


example of aptitude ns

977


How can someone prepared for Syndicate Bank Interviw? Do interviewer going to ask any aptitude questions or will it be similar to other PO Interviews? Answers solicited..

1521


how to prepare the balance sheet of private ltd. company & what roll should be play by Income tax, compnay law & accounting standard in India & world.

1502


What is meant by consignment

1676


What is the mening of uidnvhe.?

2441