Question

Journal entry of Paid to Rajni

Answer 1

The debits and credits are shown in the following journal entry: Since cash was paid out, the asset account Cash is credited and another account needs to be debited. Because the rent payment will be used up in the current period (the month of June) it is considered to be an expense, and Rent Expense is debited.

Answer 2

Paid to Rajni

Explanation:

Given:

Amount paid to Rajni

                        Books of (--- limited)

                           Journal entry

Date    Account Title and explanation    Debit   Credit

         Rajni                         A\c Dr.                  xxx

          To Cash \ Bank          A\c                                      xxx

      (Being amount paid to Rajni)

Explanation: Amount paid to Rajni, Rajni is a creditor for the firm.

Learn more:

https://brainly.in/question/12444274

https://brainly.in/question/12378065

#learnwithbrainly

Read more on Brainly.in - https://brainly.in/question/12611331#readmore