Accountancy, asked by mohapatrasoumyajit18, 8 months ago

journal entry of rent paid to landlord​

Answers

Answered by vandana929011
0

Answer:

Rent is an expense and we debit when expenses increase, whereas cash is an asset and we credit the asset account when its value decreases. When the rent is paid in cheque, the idea is to settle the rent from our bank balance. Hence, bank is the asset which decreases in this case.

Answered by vaishnavi042207
2

Explanation:

rent paid account debit

to cash account

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