Accountancy, asked by manya152004, 6 months ago

rent paid will be debit or credit?? explain plzz​

Answers

Answered by akashselvam222
1

Answer:

debit for you and credit for house owner

Answered by KNOWLEDGETEMPLE95
1

Answer: hi

plz mark me as brainliest

Explanation:

Since cash was paid out, the asset account Cash is credited and another account needs to be debited. Because the rent payment will be used up in the current period (the month of June) it is considered to be an expense, and Rent Expense is debited.

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