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the flat is on the left, you can google it or say this, f-l-t l-f-t whats missing? flAt/ lEft
Dr Rent Expense Cr Accrued Rent Expense (L) (Rent Due) then Dr Accrued Rent Expense (L) Cr Bank (When it is paid)
Lend
Selling L-A- - 2011 Rent or Bust 3-7 was released on: USA: 2012
Jesse L. Martin
l
in p&L a/c
Hot L Baltimore - 1975 The Rent Increase 1-4 was released on: USA: 14 February 1975
There are four phonemes in the word "flat": /f/ /l/ /a/ /t/.
Go ask them.
a cylinder l
Prepaid rent is monetary item, booked to the debit of the balance sheet account as an asset and expensed to the P&L through a monthly booking by crediting the balance sheet and debiting the P&L rent account ( recognising expense). It is important to prepare a schedule showing how you expense the prepayment till you get a zero balance at the end of period covered by the prepayment, that is when you must have charged the total amount to the P&L account. It is not good accounting practice to charge the total amount of prepaid rent to P&L account in one period. Cheers Ndimuh Cosmas