Question

journal entry of paid for office rent

Answer 1

25. Office rent account .Dr 2000
To Cash account 2000
( being office rent paid)

(since rent paid is expense for business and when expense increase we debit it so it has been debited and cash is increasing so , it ll be credited.)

26. Cash account Dr 1000
To Commission account 1000

(Cash is increasing which is an asset and we know that aa asset increase we debit it and commission is being received which is income and income is credited when it increase.

( Commission received in cash).

Answer 2

Journal entry  for office rent paid.

Explanation:

                                  Books of (----Limited)

                                      Journal Entry

Date         Account Title and Explanation       Debit      Credit

               Office rent                            A/c Dr.     xxx

                To Cash / Bank                             A/c                           xxx

                   (Being office rent paid from cash or bank)

Note: Cash will go out from business so cash account will be credit.

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