Answer Posted / vishukumar b s

PREPAID INSURENCE A\c DR
TO CASH\BANK A\C
RENT A\C DR
TO OUTSTANDING RENT A\C


When exepnses incured enrty willbe

INSURENCE A\C DR
TO PREPAID INSURENCE A\C

When outstanding rent paid entry willbe

OUTSTANDING RENT A\C DR
TO CASH\BANK A\C

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