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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 / kuldeep kumar
Please ignore my 1st answer.
ENTRY WILL BE PASS IN FEB.....
RENT A/C DR 12000
PREPAID RENT A/C DR 3000
TO CASH A/C 15000
ENTRY WILL BE PASS IN MARCH...
RENT A/C DR 12000
TO CASH A/C 3000
TO OUTSTANDING RENT A/C 6000
TO PREPAID RENT A/C 3000
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