Accountancy, asked by shreshthapandey99, 7 months ago

Journal entry for prepaid rent 15000

Answers

Answered by HolyGirl
39

Prepaid Rent A/c ... Dr. 15,000

To Cash A/c ... Cr. 15,000

(Being the prepaid rent paid)

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Answered by whymynameissocommon
2

Journal Entry for Prepaid Rent is

Prepaid Rent A/c Dr...  15000

             To Cash A/c Dr...       15000

We have paid the rent before its usual date in cash ... Rent is an expense so we have debited it and cash is going out so we have credited it

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