[wasimbaig]

@tanvi2211

I am not able to choose the ppt file because and it doesn’t give an option of choosing all files. The file size is 922kb.

[wasimbaig]

Hi There!!!

What could be the possible problem that i am not able to upload the presentation though it’s in ppt format.

[wasimbaig]

Hi Everyone!!!!

I need help for the point that the comparator has different financial year and the main company being analysed had different financial year e.g.
Main company has year ending 31st March 2014 but comparator has 31st December 2013.
In that case what do we need to do?

[wasimbaig]

Hello!!!
When the cheques are issued the entries for the cheques are simple as
Prepaid Rent A/c DR 76294 and Credit Bank A/c
the same entry would be repeated for each cheque.
Tip: No matter the cheque is current dated or post dated the entry remains the same because in your books it stands paid.

However as far as the accounting entries for October and November are concern. At each month closing there was an accrual recorded for respective month rent e.g.
Rent expense A/c Dr. 25,431 and Credit Rent Payable A/c 25,431
similar entry is required for November. However the rent of December is paid within December along with the rent of October and November so the accounting entry for the cheque as current dated in December
the entry would be:
Rent expenses A/c Dr. 25,431
Rent Payable A/c Dr. 50,862 (The accrual of October and November Rent)
Bank A/c Cr. 76,294

Hope it resolved your problem.
Thanks

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