A company closing its acconts in december..its paying
10000/-as rent......in the month of august it paid 4 months
rent as advance...how will u account this
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Answer Posted / saba
as the rent is paid is advance in august entry come
Adance rent A/c dr
TO Cash A/c
For adjusting the rent in future in december Month
entry is
rent a/c dr
advance rent A/c
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