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
Answer Posted / hitendra singh shekhawat
1st entry will pass like this...
Prepaid expenses a/c dr.
To cash a/c
After that on 30/31 sep,oct,nov,dec will pass in such way..
Expenses a/c dr.
To prepaid expenses A/c
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What is the Project Accounting in case of Real Estate or Construction Co`s ?
What is Bank Reconciliation Statement? How to calliculate in tally erp9.0?
in insolvency we have to prepare deficiency account but why we do not prepare this account as per general principle i.e Dr Cr To By etc , and deficiency account is which account?
please tell me when co. owner invest money in his family members bank a/c. not any transaction came in business can we do this bank statement in tally ?
Explain how you can adjust entries into account?
Cash Processing
as muthoot finance is a finance co,so what would be pattern of asking in relation to finance and a/c question?will it be basic or general or it would be market related situation?plz if help me anybody...
Why do users of accounting information need accounting information?
Why is it necessary to prepare Asset Disposal Account?
Dear Sir I had already export to dubai. now I am to know that can I enter this sale entry in RG1. pls guide me.
WHAT IS THE DEFINATIN OF IDENTICAL GOODS AND SIMILAR GOODS? WITH EXAMPLE?
All Interview related Questions pertaining to General Ledger,Finance & Accounts.
how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry
Journalize the Following: 1. The following were purchased on account: a. Materials $ 10,000 b. Office supplies $ 2,000 c. Small tools $ 1,000
Sold goods to Gasha 600 by cash