Accountancy, asked by rshanmugap, 9 months ago

JOURNAL ENTRY for Rent is due to satyan but not yet paid 200​

Answers

Answered by raghu4563
7

Answer:

rent a/c dr. 200

to outsanding rent a/c 200

Answered by Iammanjula
0

Answer: Journal Entry:

     Rent A/c                        dr.  200

         To Outstanding rent A/C        200

Explanation:

Journal Entry is a book-keeping accounting system that has two effects on every account i.e., if any account is debited there must be a valid reason (golden rule of accounting) and another account is credited in its respect.

In the above case, their golden rule of nominal accounts is used (an account that store value for one fiscal/ financial year). Rent is a kind of expense paid in a particular financial year.

The golden rule of nominal value is :

DR: all expenses and losses

CR: all income and gains

Related question:

https://brainly.in/question/7430604

https://brainly.in/question/4880434

#SPJ5

Similar questions