XI Accounting Rule 07 Received advance Or Unearned

XI Accounting Rule  07 Received advance Or Unearned

16 Nov 2018 Received commission in advance through a cheque of Rs.12,000.
16 Nov 2018 Received cash rent in advance 2000
16 Nov 2018 Rent for the year received Rs 130,000 in advance
16 Nov 2018 Received Commission in advance during the year Rs 2000.
16 Nov 2018 Received commission in advance through a cheque of Rs.12,000. Same day deposit into bank
16 Nov 2018 Received cash rent in advance 2000 and deposit into bank
16 Nov 2018 Received cheque for shop rent in advance 5000 and deposit into bank

16 Nov 2018 Received commission in advance through a cheque of Rs.12,000.

Date	Particular	P/R	Debit	Credit
2018 Nov  16	cash       Unearned commission To record Received for  commission in advance		12000	12000

16 Nov 2018 Received cash  rent in advance 2000

Date	Particular	P/R	Debit	Credit
2018 Nov  16	Cash       Unearned rent To record Received cash for rent in advance		2000	2000

16 Nov 2018 Rent for the year received Rs 130,000 in advance

Date	Particular	P/R	Debit	Credit
2018 Nov  16	Cash       Unearned rent To record Received for rent in advance		130,000	130,000

16 Nov 2018 Received Commission in advance during the year Rs 2000.

Date	Particular	P/R	Debit	Credit
2018 Nov  16	cash       Unearned commission To record Received for  commission in advance		2000	2000

Trading Topics

Rule 04 Purchase Merchandise 

Rule 05 Sold Merchandise

Rule 06 Prepaid

16 Nov 2018 Received commission in advance through a cheque of Rs.12,000. Same day deposit into bank

Date	Particular	P/R	Debit	Credit
2018 Nov  16	Bank       Unearned commission To record Received cheque for  commission in advance & deposit into bank		12000	12000

16 Nov 2018 Received cash  rent in advance 2000 and deposit into bank

Date	Particular	P/R	Debit	Credit
2018 Nov  16	Bank       Unearned rent To record Received cheque for rent in advance & deposit into bank		2000	2000

16 Nov 2018 Received cheque for shop rent in advance 5000 and deposit into bank

Date	Particular	P/R	Debit	Credit
2018 Nov  16	Bank       Unearned shop rent To record Received cheque for rent in advance & deposit into bank		5000	5000

Assignment 

1. Paid Cash for rent in advance 2000
2. Signed contract with the customer for Rs 30,000 and Received advance from customer Rs 10000.
3.  Received further advance from customer Rs 10000
4. Issued cheque for advertising in advance 5000
5. 16 Nov 2018 Received Commission in advance during the year Rs 2000.
6. 16 Nov 2018 Received commission in advance through a cheque of Rs.12,000. Same day deposit into bank
7. 16 Nov 2018 Received cash  rent in advance 2000 and deposit into bank
8. 16 Nov 2018 Received cheque for shop rent in advance 5000 and deposit into bank