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When December rent is paid in November, the "Prepaid Rent" account is debited. This reflects the advance payment for rent, representing an asset until the rental period occurs in December. The corresponding credit would be made to the "Cash" account to reflect the decrease in cash due to the payment.
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When December rent is paid in November to which account is it debited?
Prepaid Rent is debited.
When December rent is paid in November it is debited to accounts?
Prepaid Rent is debited.
When December rent is paid in November which account is debited?
Prepaid Rent is debited.
When the seller is paid the customer's account is.credited or debited?
debited
When the seller is paid the customer's account is credited or debited?
credited
When December rent is paid in November to which account is it debited?
Prepaid Rent is debited.
When December rent is paid in November it is debited to accounts?
Prepaid Rent is debited.
When December rent is paid in November which accounts is it debited?
Prepaid Rent is debited.
When December rent is paid in November which account is debited?
Prepaid Rent is debited.
When the seller is paid the customer's account is.credited or debited?
debited
When the seller is paid the customer account is debited or credited?
credited
When the seller is paid the customer's account is credited or debited?
credited
Rs 1000 paid as rent to landlord should be debited to which A C?
Rent account or landlords account
Journal entry for salary advance paid?
When an employee receives an advance on pay an asset account called employee advances is debited and the cash paid out is credited. When the advance is repaid then the applicable expense accounts are debited and the advance account is credited.
When is your interest paid into your bank account?
Generally a personal checking account which earns intrest will credit the acct. Monthly
When is the petty cash account debited?
The petty cash account is debited when a company establishes or increases its petty cash fund. This entry reflects the outflow of cash from the main cash account to the petty cash account. Additionally, it may be debited when replenishing the petty cash fund, as it accounts for the expenses incurred that were paid from petty cash.
How long does it take for a stop payment to happen?
subjective...depends on the bank. most will do it immediately. they essentially flag your acct so when the check comes through to be paid, they will refuse it.
