Question

journal entry: rent paid to mr. ram,landlord​

Answer 1

Answer:

Rent is an expense.

So as per the rule of nominal account.

Debit all the expenses and losses.

Credit all the income and profit.

So rent account will be debited.

Now the second account is cash which is an asset.that is real account.

Rule of real account.

Debit what comes in

Credit what goes out.

So cash account will be credited.

It doesn't matter to whom the rent is paid.

Here rent paid to ram…while passing journal entry ram is to be ignored.

We only consider that

rent is paid which is an expense.

It is paid in form of cash. Cash is going out from the organization.

As per the rules of passing journal entry.

The journal entry for rent paid to ram.

Rent a/c Dr.

To cash a/c

Note:- Nothing is mentioned that rent is paid in cash or through cheque.

It is assumed that rent is paid in cash

Explanation:

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