Accountancy, asked by tejbala8390, 1 year ago

Paid salary and rent respectively

Answers

Answered by sukhpreetkatrai
5

Salary a c Dr
Rent a c Dr
To cash a c

Answered by Vickypanjiyar
2
Hello there
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the journal entry for paid salary on rent will be

salary account. Dr
Rent account . Dr
To cash account

(being rent and salary paid).

Sin salary paid and rent paid will be expense for the business and we know that expenses are debited if it increases so, salary paid and rent paid is debited.

Cash is decreasing and we know that if there is decrease in the value of asset then it will be credited.

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