how to jounralise rent paid by cheque
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Step-by-step explanation:
Bank account is sometimes real or sometimes personal account …….but now Bank account is personal account ……
Use the formula …..nominal account
Total loss and expenses are debit and total gains and incomes are credit
So rent account is debited because rent is expenses
Now , personal account use in this formula
Debit the receivers and credit the giver.
…..so Bank account is credit because Bank issue cheque on rent paid...
hope it helps uuu.....
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