PadhaiBy Astra Cloud
Search notes and questions
Ask a doubtProgramsNoticesGPA calculatorMy studyClassroom

Tribhuvan University

BSc CSITBachelor of Science in Computer Science and Information TechnologyBCABachelor of Computer ApplicationBITBachelor of Information TechnologyBIMBachelor of Information ManagementBBABachelor of Business AdministrationBBSBachelor of Business StudiesBBMBachelor of Business ManagementBITMBachelor of Information Technology Management

Pokhara University

BE Computer (PU)Bachelor of Engineering in Computer EngineeringBBA (PU)Bachelor of Business Administration (Pokhara University)

National Examinations Board (+2)

Class 10Class 10 (SEE)+2 Science+2 Science (Class 11 and 12)+2 Management+2 Management (Class 11 and 12)+2 Humanities+2 Humanities (Class 11 and 12)
All universities and programs

Acc Accountancy

AccountancyNEB 2081

Prepare the adjustment entry of pre paid rent expired of Rs. 5,000.

1

Answer

· Based on the official syllabus and past papers
Updated
Adjustment Entry for Pre-paid Rent (Rs. 5,000)Dr.Cr.To Rent A/c5,000By Prepaid Rent A/c5,000
Adjustment entry to recognize rent expense for Rs. 5,000 (previously prepaid).

Adjustment Entry:

When rent is prepaid and later expires, the expired portion must be transferred to the Rent A/c (expense account) to reflect the correct financial position.

  1. Prepaid Rent A/c (Asset) is debited to reduce the asset balance.
  2. Rent A/c (Expense) is credited to recognize the expired rent as an expense.

The adjustment entry is:

Particulars Amount (Rs.) Ledger
To Rent A/c 5,000 Dr.
By Prepaid Rent A/c 5,000 Cr.

Final Entry:

Discussion

Loading…

More Accountancy questions

Write any two features of Public Company.NEB 20821Define authorized capital.NEB 20821Write any two items of assets.NEB 20821Write any two importance of Cost Accounting.NEB 20821Classify the overhead on the basis of control.NEB 20821Write the meaning of decentralized store.NEB 20821

All Accountancy old questions