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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 Posted / 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
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