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Rent Paid Rs.12000/- (which is included for the whole year
i.e Jan to Dec) and they have asked me to give Journal
Entry for the
Entry for the Month of Jan, Feb and March
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Answer Posted / naren
1)Rent A/C Dr 12000/-
To Cash/Bank 12000/-
(Being Rent Received for Jan to Dec 1000*12=12000)
2)Rent A/C Dr 3000/-
Rent in Advnace Recevied A/C 3000/-
(Being Rent Paid in Advance for 3 Month 3*1000=3000
(Jan ,Feb and March)
3)
Profit& Loss A/C
To Rent 12000
Less Prepaid Rent -3000
Net 9000/-
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