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Advance rents entries

This query is : Resolved 
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(Querist)
02 March 2015 Hello sirI received one year rent in advance but i want to make entry every month how to make entry of rent which i received in advance
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
02 March 2015 At the time of Receipt of Advance:

Bank A/c Dr...
To Advance Rent A/c(Current liability)

Entry Every month for rent amount till advance is exhausted:

Advance Rent A/c Dr...
To Income from Rent A/c
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