Rent paid rs 2000 in Jan and feb 2009. What will the entry
in Feb 1st 2009.
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Answer Posted / 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)
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