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I have just paid my rent for February 2015 and subsequently received my invoice.

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I have just paid my rent for February 2015 and subsequently received my invoice.

I have just paid my rent for February 2015 and subsequently received my invoice. My question is do l post the invoice now or hold on to it until February and the payment l have made how do l treat it. Advice on the accounting treating and implications.

January 6th 2015 AN ACCA USER 200 Points

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post the invoice now however note it is a prepayment

January 10th 2015 AN ACCA USER 650 Points
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Accurate answer
January 19th 2015 AN ACCA USER 1,850 Points
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DR: Rent Prepaid A/C-SOFP
CR: Cash/Bank A/C-SOFP
(For books AS At end of January)

DR:Rent A/C-SOPL
CR: Rent Prepaid A/C-SOFP
(For books As At end of February)

February 22nd 2015 AN ACCA USER 150 Points
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