Question

Business paid rent for office building to mr. land lord to rs. 20000 1/3rd of the house is used by owner and his family for residence

Journal Entry:​

Answer 1

#. Rent acc ..dr.............13,333

Drawings acc ..dr.....6,667

To land lord's acc.........20,000

(being , rent paid for business enterprise and personal residence)

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Answer 2

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