Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on jan. 1 st , 2008, mr. khaleel has received an a

On Jan. 1 st , 2008, Mr. Khaleel has received an advance payment (OMR30,000) of...

70.2K

Verified Solution

Question

Accounting

On Jan. 1 st , 2008, Mr. Khaleel has received an advance payment (OMR30,000) of 3 years rent (until Dec. 31 st , 2010). Annual rent is OMR10,000. In the example above, Mr. Khaleel received a cash payment of OMR30,000 on Jan. 1 st , 2008. Identify the type of journal entry that Mr. khaleel recorded in the accounting book. (1 mark)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

Please explain what static friction is. - If an object slides across a table and stops,...

General Management
1.2K views

Citizen Bank employees shows little trust for its management team and it is aware that information...

Biology
1.2K views

What is the function of a bioreactor?Create multiple copies of DNA.Provide a controlled environment for...

Biology
1.2K views

How is Rose's character revealed in this excerpt from "The Burning Book" by Cora Collen?A....

Physics
1.2K views

5 The wavelength of photon of energy E is same as moving with the 7...

Basic Math
1.2K views

You can afford a $350 per month car payment. You've found a 4 year loan...

Basic Math
1.2K views

The angle of elevation from a boat to a hovering helicopter is 32.2 and the...

Algebra
1.2K views

Lorena Ramos can invest 4 000 in a 1 year CD at 4 compounded monthly...

Algebra
1.2K views

sketch the region bounded by the curves y 6 and y 623 then set up...

Accounting
1.2K views

Exercise 8-3 At the beginning of the current period, Skysong, Inc. had balances in Accounts...

Accounting
1.2K views

! Required information Convers Corporation (calendar year-end) acquired the following assets during ...

Finance
1.2K views

Calculate NPV given the following information: the initial cost is $20,000; generates cash inflows of...