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Hello everybody can you posted journal entry of this
question , if mr.A give advance rent Rs.20000 for 3 month
to Mr.B
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Answer Posted / earasathiru6
Prepaid Rent A/c Dr 20000
to rent A/c Cr 20000
(Being paid Against advance rent )This is a JV Jv is come
When non cash related here we r give cash cr when the month
is come
Rent A/c Dr 6666
To cash A/c 6666
(Being cash Paid Against Rent)
| Is This Answer Correct ? | 2 Yes | 1 No |
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