Prepaid rent

This query is : Resolved 

14 May 2014 Prepaid Rent comes under which head? And accounting entry for rent paid in advance?

14 May 2014 It comes under Prepaid expenses, Assets side.

Advance Rent Dr
To Cash/Bank

14 May 2014 U CAN SHOW UNDER THE HEAD LOAN & ADVANCE (ASSETS SIDE)

ADVANCE RENT PAID(OWER NAME )
TO BANK A/C


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