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 / seshagiri
ACTUALLY WE FALLOW THE FINANCIAL YEAR APRIL TO MARCH. IN
THIS QUESTION MENTIONED JANUARY TO DECEMBER MEANS JANUARY
TO MARCH IS PREVIOUS YEAR. SO WE PASS THE OUTSTANDING ENTYR
TO EACH MONTH.
31ST JAN
RENT ACCOUNT ......DR. 1000
TO. OUTSTANDING EXP A/C 1000
28TH FEB
RENT ACCOUNT ......DR. 1000
TO. OUTSTANDING EXP A/C 1000
31ST MARCH
RENT ACCOUNT ......DR. 1000
TO. OUTSTANDING EXP A/C 1000
THE FINANCIAL YEAR ENDING THE OUTSTANDING EXP A/C IS 3000/-
IN CURRENT FINANCIAL YEAR IS APRIL TO NOVEMBER IS
OUTSTANDING EXP IS 8000/- DECEMBER MONTH DEBITED TO
DIRECTLY RENT ACCOUNT
Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
what is the scenario of multi-org setup?
what is mean by account concept,and how to perpare a full accounting concept journal,ledger,trail balance,and balance sheet how it will prepare in upto fainalaztion.
what is the script forms standard text in fico
please specify some books name in preparing a bank exam apttirutude questions
can any one send me payables real time scenarious or any projects
genpact uk based shift timings? and R2R job profile?
tell me about roll model as father
Expand RMP
what are the seven accounting rules
SOUTH ATLANTIC OIL AND GAS INC.is a fraud company
Pls Give me Solution for me. Bcz i m persuing b.a iii But now i m working in accounts . So what i do In future .
When is proposed divided a current Liability and when is it non-current liability? Why is it in the list of Current Capital Accounts?
Interest earned on investments is an__________
What is the Technology used to carry out trades?
Distinguish between sale and consignment