Rent paid rs 2000 in Jan and feb 2009. What will the entry
in Feb 1st 2009.
Answer Posted / mohan
Rent Paid in the month of feb
Rent paid account dr 2000
to cash or bank a/c 2000
Being rent paid for the month of feb
Where as the rent paid for the month of jan in Feb the entry
will be
O/s Rent dr 2000
to bank or cash a/c
Being rent paid for the month of Jan in the month of Feb
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
How do you handle lack of direction or working in chaos
how MIS statements used in accounts receivables n payables? n what is the advantage of this reports?
reason for difference in Balance sheet (Asset side & Liabilites side)
When is proposed divided a current Liability and when is it non-current liability? Why is it in the list of Current Capital Accounts?
Expand---------NMOP
what's accounts payable
what is purchase consideration? How does it come about and how is it treated in the books?
what is meant by virus
what is mean by account concept,and how to perpare a full accounting concept journal,ledger,trail balance,and balance sheet how it will prepare in upto fainalaztion.
Short answer on _______Amendment
What is difference between cash flow and funds flow?
Expand--------SOT
What is Compliance?
what is the difference between f.f.s and c.f.s?
How to calculate closing stock? I have opening stock of 72 lacs (average costing without tax) and purchase of 49 lacs (with tax) and sales of 101 lacs (without tax). What is my closing stock then???? Should i add tax in sales? Where all should tax be included and where all should tax NOT be included? Right now i calculated => 72(no tax)+49(with tax)-101(no tax) = 20 lacs. IS this correct?