Question

Paid rent to landlord of office premises ₹150 which he spent on purchase our goode show the journal entry

Answer 1

Answer:

Rent A/c debit to sales A/c

Explanation:

Given that we have paid rent of ₹150 to landlord of office premises. Further given that the landlord purchased goods out of that cash.

Journal entry for payment of rent:

Rent A/c ...Dr 150

• To cash A/c 150

Journal entry for sold goods to landlord:

Cash A/c ...Dr 150

• To sales A/c 150

We can also combine the above two entries and create a contra entry:

Rent A/c ...Dr 150

• Rent A/c ...Dr 150To sales A/c 150