Question

Rent paid Rs12000 and still to be paid Rs5000

Answer 1

Rent A/C. Dr. Rs.17,000

To Outstanding Rent A/C.

Rs.5000

To Cash A/C. Rs.12,000

(Being rent outstanding for this year transferred to Rent A/C and rent paid)

Answer 2

Rent a/c           Dr          17000

 To cash a/c                         12000

  To Outstanding Rent a/c   5000

(Being some portion of rent paid and the balance outstanding)