Question

Rent paid in advance rs 5000 pass journal​

Answer 1

Answer:

prepaid rent debit rent account credit

Answer 2

hey mate!

>>. i m not telling uh the ans... but i m telling the way u do it .....

>>Debit Prepaid Rent -

>>Credit Cash -

At the end of the period, you’d make an adjusting entry for how much of that prepaid rent was used up. This will lower the prepaid rent account down to how much is now left paid in advance. And expense your period’s rent. So at period-end, your adjusting entry would be to:

>>Debit Rent Expense -

>>Credit Prepaid Rent-

hope it helps....❤❤