Question

journal entry of
1-->interest due but not received Rs2000
2->rent due to landlord Rs1000
3->out of the rent paid this year Rs3000 relates to next year?

Answer 1

1// outstanding intrest a/c dr.. 2000
***** To interest a/c 2000

2/Rent @/c dr. 1000
To cash @/c........ 1000

3// rent a/c.. dr.. 3000
To prepaid rent.. a/c... 3000



HOPE ITS HELPFUL