Accountancy, asked by nishalshrestha599, 4 months ago

prepaid rent expired rs5000​

Answers

Answered by pappubalaji10
1

Answer:

Prepaid rent is rent paid in advance of the rental period. The journal entries for prepaid rent are as follows:

Initial journal entry for prepaid rent:

Particulars                                        Dr            Cr

Prepaid rent a/c               ...Dr      5000

   To Cash a/c                                                 5000

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