rent outstanding journal entry
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rent a/c dr
to, rent outstanding a/c
if rent outstanding is received
to, rent outstanding a/c
if rent outstanding is received
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3
Rent outstanding
Explanation:
Books of (---limited)
Journal entries
as on (-----)
Date Account Title and Explanation Debit Credit
Rent A\c Dr. xxx
To Rent outstanding A\c xxx
(Being Rent outstanding is credited from rent.)
⇒ Rent outstanding is a liability and all liabilities have to be credited.
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