issued a cheque for 5000 in favour of the landlord for rent of February, write a journal entry ?
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9
Journal entry of rent is Received.
Rent received is an income.
Example: Rent received from tenant is of Rs 5,000. If you are renting a room then it is a business.
In the above example, Rent is an income from the business therefore shown on the credit side as rent is nominal account.
Cash A/c Dr 5,000
To Rent A/c 5,000
(being rent received from the tenant)
Answered by
7
Answer:
Cash A/C______dr 5000
To rent A/C 5000
Explanation:
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