Question

Page No
Journalise the following transactions
:
Paid rent of building 7, 200 half of the
used by the proprietor
for residential use.
building is​

Answer 1

Answer:

Rent A/c -----Dr 7200

To cash A/c. 7200

. (Being rent paid of building )

Proprietor's capital A/c -----Dr 3600

To drawing's A/c. 3600

(Being cash withdrawn by Proprietor for personal use )

'

Explanation:

Here, rent paid, as pr the rule of nominal A/c ,rent is an expense therfore rent A/c is debited and cash goes out so cash A/c is credited

in the second entry Proprietor withdrawn cash for personal use therefore Proprietor's capital A/c is debited and drawing A/c is credited for cash withdrawn for personal use