RENT AVNS JV

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166 Points Posted on 28 July 2022
Rent paid in advance what will be the "Journal Entry" kindly suggest
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On 28 July 2022 at 21:24 Report
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This discussion clarifies the journal entry for rent paid in advance. The correct entry involves debiting the 'Rent Paid in Advance' account and crediting the 'Bank' account. This reflects the prepayment of rent, which is an asset until it is expensed over time.

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28269 Points Posted on 28 July 2022
Not clear
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On 28 July 2022 at 21:58
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134 Points Posted on 28 July 2022
Rent Paid in Advance A/c Dr
To Bank A/c
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On 28 July 2022 at 23:12

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