How would you post the following journal entry to ledger?
Rent Expense $200 Dr.
Cash $200 Cr.
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Posting the given Journal Entry to Ledger
Explanation:
- This journal entry will affect two ledger respectively :-
- One is Rent A/c and the Second is Cash A/c.
- The posting to ledger will be done as follows:
Rent A/c
Particulars Amt.($) Particulars Amt.($)
To Cash A/c 200
Cash A/c
Particulars Amt.($) Particulars Amt($)
By Rent A/c 200
- Afterwards , the rent expense will be transferred to P & L A/c .
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