Question

received rent Journalise the following​

Answer 1

Journal entry.

$\fcolorbox{orange}{pink}{cash \: account \: dr \: \: } \\ \: \: \: \: \: \: \: \: \: \: \: \: \: \: \fcolorbox{hotpink}{orange}{to \: rent \: account}$

(Being rent received in cash)

ĪMPÒRTÄÑT BRÅÏÑLY ÎÑFÓRMÃTÌØÑ

> Rent received means cash comes in the business in the form of rent i.e from rent Account ,hence credited.

> Cash account is debited because rent always is in the form of cash ...

NOTE...

¥_______MOST IMPORTANT______¥

NARRATION IS VERY MUST IMPORTANT IN RECORDING TRANSACTION IN JOURNAL .

WITHOUT NARRATION JOURNAL IS INCOMPLETE.

¥_______MOST IMPORTANT_________¥

THNKXX☺️