Math, asked by rukminithilak4874, 5 months ago

how to jounralise rent paid by cheque ​

Answers

Answered by dpragathi
2

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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