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The Actual Rent was 12000,in the month of Feb i had paid
15000 and in the month of march i had paid 3000. Pass the
necessary Journal entry for this.
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Answer Posted / neetu
In the month of Feb :
Rent A/c Debit Rs.12000
Landlord A/c Rs.12000
For Payment of rent Rs.12000 and payment of Rs.3000
Landlord A/c Debit Rs.12000
Cash or Bank A/c Rs.12000
(Actual Rent Paid)
Landlord A/c Debit Rs.3000
Cash or Bank A/c Rs.3000
(Excess payment to landlord)
In the month of March
Landlord A/c Debit Rs.3000
Cash or Bank A/c Rs.3000
(Paid to Landlord)
At the end of the financial year Rs.6000 due from
Landlord
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