Question

Paid rent of harishankar residence rs 500 journal entry

Answer 1

Paid rent to harishanker rps 500..

Rent a/c.. Dr500

..... To cash a/c.... 500

[ being rent paid in the form of cash.]


As the business pay rent in the form of cash it means cash is gi out from business and hence cash account is credited and in which form this cash goes is the debited to business i. e rent account

Answer 2

Rent a/c.. Dr. 500   ......To cash a/c... 500  [. Being rent is paid.]