Question

journal entry of rent due to landlord​

Answer 1

ꍩꈼꐞꁲ ꂵꁲꋖꈼꌚ !

ꁷꐇꈼꌚ: Journalise:

Rent due to landlord

ꋫꁹꌚ:

Rent A/C. Dr. _______

To O/S Rent A/C. _______

(Being rent due to landlord)

ꑛꆂꉣꍟ ꂑ꓅ ꑛꍟ꒒ꉣꌚ !

Answer 2

Rent A/C   ...dr.  

       To  Outstanding Rent A/C

Explanation:

• Journal entry is described as the entries that record the various transactions that take place in business.
• The debit side denotes an asset or an expense transaction while the credit expresses a transaction that would cause a liability or profit.
• The debit transaction increases a deposit balance while credit causes an increase in the deposit balance.
• In the given situation, rent is an expense. So, it will be debited. While it creates a liability and therefore, outstanding rent a/c will be credited.

Learn more: Journal Entry

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