outstanding rent
debit rent payable
credit cash
debit rent expensecredit rent payable
outstanding rent account dabit to Mr ashwin
Debit prepaid rent and credit cash.
Debit rentCredit bank
prepaid rent a/c dr. to cash a/c
debit rent expensecredit rent payable
outstanding rent account dabit to Mr ashwin
debit rent expense and credit cash
Debit prepaid rent and credit cash.
Debit rentCredit bank
Parent company journal entry Debit cash | Credit accounts payable - rent Holding company journal entry Debit accounts receivable - rent | Credit cash
prepaid rent a/c dr. to cash a/c
prepaid rent a/c....................Dr To cash A/c
[Debit] Rent Expense[Credit] Rent payableWhen rent paid[Debit] Rent payable[credit] Cash / bank
Debit prepaid rentCredit bank
There is no journal entry when equipment rented out to somebody as there will be entry when actual rent received.
car rent a/c DR to cash a/c CR [ being expenses paid ]