Question

rent receivable from shilpa 2000​

Answer 1

Explanation:

Rent received is an income and rent received in advance means income not accured but received in advance

At the time of receiving the rent,Rent account has credited hence the adjustment entry need to be passed

Rent received A/c. Dr

To advance rent receivedA/c

In profit and loss account amount will be deducted from rent received account and to shown as liability

Answer 2

Answer:

outstanding rent A/C debit 2000

To rent A/C 2000