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Dr Rent Expense Cr Accrued Rent Expense (L) (Rent Due) then Dr Accrued Rent Expense (L) Cr Bank (When it is paid)
the flat is on the left, you can google it or say this, f-l-t l-f-t whats missing? flAt/ lEft
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