Rent received rs 20,000 journal entry
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Answered by
10
Answer:
Cash a/c dr 20000
To rent a/c 20000
_________^o^___________
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okkk
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on another question
Answered by
10
Answer:
Golden rules of Journal
Personal account rule
Debit- the receiver.
Credit- the giver.
Real account rule
Debit- what comes in.
Credit- what goes out.
Nominal account rule.
Debit- all expenses and losses.
Credit- all incomes and gains.
Now
The journal entry will be
Cash A/C DR ₹ 20,000
TO Rent A/C ₹ 20,000
(Being Rent Received ₹ 20,000)
Good :-)
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