Question

Rent paid in cash rs 2000 and in cheque rs 3000 journal entry

Answer 1

Answer

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⠀⠀⠀⠀⠀⠀⠀Journal Entries

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★ Rent paid in cash⠀⠀⠀⠀⠀Rs 2,000

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Rent A/c ⠀⠀⠀⠀⠀Dr...⠀⠀⠀Rs 2,000

⠀⠀To Cash A/c⠀⠀⠀⠀⠀⠀⠀⠀⠀Rs 2,000

⠀(Being the rent paid by cash)

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━━━━━━━━━━━━━━━━━━━━━━

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★ Rent paid in cheque⠀⠀⠀⠀Rs 3,000

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Rent A/c⠀⠀⠀⠀⠀Dr...⠀⠀⠀Rs 3,000

⠀⠀To Bank A/c⠀⠀⠀⠀⠀⠀⠀⠀⠀Rs 3,000

⠀(Being the rent paid by cheque)

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Golden rules used here

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→ Debit all the expenses.

→ Credit what goes out.