How will be the journal entries of these rental transaction:
We are giving post dated cheque for payment of rent.
Our total rent is example:
- 12,000 and giving 4 PDC [Post Dated cheque] each 3,000 and landlord(XYZ CO.)
- en-cash this every three month by the landlord
How to post this entries in accounting system
- When we giving cheque to xyz co. at beginning
- When xyz co. en-cash this PDC
- At the beginning of every 3 month coming 2 months rent is pre-paid so how it will be