journal entries question..Paid for officer rent Rs-150
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office rent ac dr 150
to cash ac. 150
to cash ac. 150
rajveersingh795:
yaa
Answered by
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3 golden rule
• debit the receiver , credit the giver
• debit what comes in , credit what goes out
• debit all the expenses and losses , credit all the incomes and gains
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reason for debit and credit
Rent a/c - nominal A/c , rent paid is a expenses to the company therefore its debited
Cash A/c - Real A/c , cash goes out of the company , therefore its credited
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Journal entry
Office rent A/c Dr 150
To Cash A/c 150
(being office rent paid )
Hope its useful..!!
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