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

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