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Earn +20 ptsQ: Journal entry for rent received in advance?
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How do you write Journal entry for equipment rent to somebody?
There is no journal entry when equipment rented out to somebody as there will be entry when actual rent received.
What is journal entry for rend received?
[Debit] CashCredit Rent Received / Rent Revenue
What is the journal entry of rent paid in advance?
Debit prepaid rent and credit cash.
What is the journal entry to give a car for rent?
No entry for giving car on rent rather entry is recorded when rent is received from customer.
What is the journal entry for rent paid in advance?
prepaid rent a/c dr. to cash a/c
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