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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 / satya
Actual Entries would be:
In the month of Feb:
Rent A/c Dr12000
Advance Rent A/c Dr 3000
To Cash A/c 15000
In the M/o March:
Rent A/c Dr12000
To Advance Rent A/c 3000
To Rent Payable A/c 6000
To Cash A/c 3000
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