How to make accounting entries for accruing rent

Debit: Advance payments.

Credit: Bank deposits.

When amortized monthly.

Borrow: Management Expenses Rent.

Credit: Accounts prepaid.

The accounting entries for the accrual of rent are as follows:

1. Lessee:

1. When paying rent in advance:

Debit: Advance Payments - Rent.

Credit: cash on hand bank deposits.

2. Monthly apportionment:

Borrow: Management Expenses Rent.

Credit: Advance Payments - Rent.

2. Lessor:

Borrow: Bank deposit.

Credit: Other business income.

Tax Payable – VAT payable.

Borrow: Other operating costs.

Credit: Accumulated depreciation.

Other Business Costs:

Other operating costs refer to the expenses incurred by the enterprise in daily business activities other than the main business activities. Other operating costs include the cost of materials sold, the depreciation of leased fixed assets, the amortization of leased intangible assets, the cost or amortization of leased packaging, etc.

If the cost model is used to measure investment real estate, the depreciation or amortization amount of investment real estate also constitutes other business costs.

Management expenses: Management expenses refer to the various expenses incurred by the administrative department of the enterprise for the organization and management of production and business activities.

The specific items included include the company's expenses, trade union funds, unemployment insurance premiums, labor insurance premiums, board of directors fees, fees for hiring intermediaries, consulting fees, litigation fees, business entertainment expenses, office expenses, travel expenses, postal and telecommunications expenses, greening expenses, and management salaries and welfare expenses that should be borne by the enterprise in the course of enterprise operation and management.

1. Accrual of water and electricity bills:

Borrow: manufacturing costs.

Management expenses per mu file know.

Credit: Other payables.

2. Accrual of rent:

Borrow: Administrative expenses. Swift Consumption.

Credit: Other payables.

The water and electricity used for office use are included in the management expenses, and the water and electricity costs used in the basic workshop are included in the manufacturing costs.

Borrow: Administrative expenses.

Manufacturing costs. Credit: cash or bank deposit.

How to make accounting entries for rent accrual is as follows:

Accounting entries for rent clearance practice 1

1. Accrual of rent: management expense credit: other payables.

2. Accrual of water and electricity expenses: manufacturing expenses (note: production electricity) management expenses (note: electricity consumption other than production) credit: other payables (or: accounts payable).

Accounting entries for rent accrual practice 2

1. The accounting entries for the accrual of housing lease fees are:

Accrual: Debit: Prepayment.

Credit: Bank deposits.

When amortized monthly.

Borrow: management expenses - rent, etc.

Credit: Accounts prepaid.

2. Prepaid accounts refer to the payment of the first unit of the enterprise in accordance with the provisions of the purchase contract in advance to let Zhengchang or monetary equivalents pay the ** unit with frank monetary funds. In daily accounting, the prepaid accounts are recorded according to the actual amount paid, such as the prepaid materials, the payment for the purchase of commodities, and the pre-purchase deposit for agricultural and sideline products that must be issued in advance and recovered later.

For purchasing companies, prepaid accounts are a current asset. The prepaid accounts generally include the prepaid payment for goods and the prepaid purchase deposit, and the prepaid accounts of the construction enterprise mainly include the prepaid project payment and the prepaid material payment.

3. The prepayment is not repaid in currency, but requires the enterprise to be compensated with a certain commodity, service or service in a short period of time.

The debit side registers the advance payment from the supplier by the enterprise, the credit registers the advance payment that the enterprise receives from the purchased goods, and the debit balance at the end of the period reflects the advance payment of the goods that the enterprise has advanced to the supplier but has not yet shipped; The debit balance at the end of the period of this account reflects the prepaid amount of the enterprise; If it is a credit balance at the end of the period, it reflects that the enterprise has not made any supplementary payments for the acquisition of goods and services.

When accruing rent, the accounting treatment is: borrowing: management expenses - rent, sales expenses - housing loss and rent, manufacturing expenses and other accounts, credit: other accounts payable and other accounts.

When the actual payment of the rent is made, the accounting treatment is debit: other accounts payable and other accounts, and credit: bank deposits and other accounts.

The rent paid by the enterprise, according to the different use departments, can be included in the management expenses, sales expenses, production costs and other accounts for accounting, if it is a general taxpayer, obtain a special VAT invoice, should also confirm the corresponding tax amount of wax or clusters, the entries are, debit: management expenses - rent, sales expenses - rent, etc., tax payable - VAT payable - input tax, credit: accounts payable, etc.

Accounting entries for rent accrual can do this:

Borrow: Selling Expenses, Administrative Expenses, Manufacturing Expenses—Rent.

Credit: Other payables.

However, the more standard practice is to pay the rent in advance and then amortize it.

Borrow: Long-term amortized expenses.

Credit: Swift Concession Cash Bank Deposits.

Borrow: Selling Expenses, Administrative Expenses, Manufacturing Expenses—Rent.

Credit: Long-term amortized expenses.