A company pays RM6,000 rent for the next 6 months in advance. what is the correct journal entry?
When the company pays RM6,000 for 6 months in advance: Date: [Payment Date] Account Debit (RM) Credit (RM) Prepaid Rent […]
Prepaid Entries
Prepaid Entries
Prepaid Entries
Prepaid Expenses Journal Entry
Prepaid Expenses Journal Entry is Debit the Prepaid expenses and Credit the Cash/Bank. Prepaid expenses are payments made in advance
Prepaid Entries
Prepaid Asset Journal Entry
Prepaid Asset Journal Entry is Debit the Prepaid Asset or Expense Account and Credit the Cash/Bank. A prepaid asset is