1st Year Accounting Prepaid ~ How to Make Prepaid Entry

How to Make Prepaid Entry

Paid Cash for rent in advance 2000

Paid insurance in advance for one year 15000

Paid cash for shop rent in advance 3000

Paid cash for advertising in advance 4000

Paid by cheque shop rent in advance for one year Rs.5,000.

Paid Cash for rent in advance 2000

Issued cheque for  insurance in advance for one year 3000

Issued cheque for shop rent in advance 4000

Issued cheque for advertising in advance 5000

08 Nov 2018 Paid Cash for rent in advance 2000

Date	Particular	P/R	Debit	Credit
2018 Nov  08	Prepaid rent       Cash To record paid rent in advance		2000	2000

08 Nov 2018 Paid insurance in advance for one year 15000

Date	Particular	P/R	Debit	Credit
2018 Nov  08	Prepaid Insurance       Cash To record paid Insurance  in advance		15000	15000

08 Nov 2018 Paid cash for shop rent in advance 3000

Date	Particular	P/R	Debit	Credit
2018 Nov  08	Prepaid rent       Cash To record paid rent in advance		3000	3000

08 Nov 2018 Paid cash for advertising in advance 4000

Date	Particular	P/R	Debit	Credit
2018 Nov  08	Prepaid advertising       Cash To record paid advertising in advance		4000	4000

08 Nov 2018 Paid by cheque shop rent in advance for one year Rs.5,000.

Date	Particular	P/R	Debit	Credit
2018 Nov  08	Prepaid Shop rent       bank To record issued cheque  rent in advance		5000	5000

08 Nov 2018 Paid by cheque for rent in advance 2000

Date	Particular	P/R	Debit	Credit
2018 Nov  08	Prepaid rent       bank To record issued cheque  for rent in advance		2000	2000

08 Nov 2018 Issued cheque for  insurance in advance for one year 3000

Date	Particular	P/R	Debit	Credit
2018 Nov  08	Prepaid Insurance       bank To record issued cheque for Insurance in advance		3000	3000

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08 Nov 2018 Issued cheque for shop rent in advance 4000

Date	Particular	P/R	Debit	Credit
2018 Nov  08	Prepaid Shop rent       bank To record issued cheque for shop rent in advance		4000	4000

08 Nov 2018 Issued cheque for advertising in advance 5000

Date	Particular	P/R	Debit	Credit
2018 Nov  08	Prepaid advertising       bank To record issued cheque  for advertising in advance		5000	5000