Interested to Buy Any Domain ? << Click Here >> for more details...
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.
- 27 Answers
- 31826 Views
- Accenture, Genpact, Sunshine, I also Faced
- E-Mail Answers
Answer Posted / rahul
For the month of Feb
Rent A/c 12000/-
To Bank/CashA/c 12000/-
Prepaid Rent A/c 3000/-
To Rent A/c 3000/-
For the month of march
Rent A/c 3000/-
To Bank/Cash A/c 3000/-
Rent A/c 6000/-
To Rent Outstanding A/c 6000/-
| Is This Answer Correct ? | 3 Yes | 5 No |
Post New Answer View All Answers
M/s ABC Brothers, which was registered in the year 2000, has been following Straight Line Method (SLM) of depreciation. In the current year it changed its method from Straight Line to Written Down Value (WDV) Method, since such change would result in the additional depreciation of Rs. 200 lakhs as a result of which the firm would qualify to be declared as a sick industrial unit. The auditor raised objection to this change in the method of depreciation. The objection of the auditor is justified because (a) Change in the method of depreciation should be done only with the consent of the auditor (b) Depreciation method can be changed only from WDV to SLM and not vice versa (c) Change in the method of deprecation should be done only if it is required by some statute and change would result in appropriate presentation of financial 6 statement (d) Method of depreciation cannot be changed under any circumstances
please advice example of any single journal entry which include all 3 accounts i.e personal, real & Nominal a/c.
if you are a hard working nature conclude your self?
Horizontal balance sheet versus Vertical balance sheet
Tell me what is the difference between accumulated depreciation and depreciation expense?
how to calculate the rate of hard ,soft and very very hard rock rate of cubic meter
how to individual capital account.
What is the difference between trial balance and general ledger?
swagat staryed business on 1st jan 2005 with cash on hand Rs. 10000
Explain me your current/former role, your responsibilities, and how success is/was measured?
What are time sheets? How are they maintained?
on the basis accounting,acounting is divided in to how many classes and what are they?
Which accounting application you prefer most and why?
what is wct ? who take its benefit? e.g. we are works contractor, we are liable to take its benefit or not..
what is the deference between depreciation explanation
