Van Rent of F 30.000 received from Anna find out two accounts and classify, effect (apply rules) reason
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particulars debit credit
Anna A/c_________________ Dr 30,000
To Van rent A/c 30,000
(being van rent received)
*as per the rules of debit and credit,
Debit if increase in asset. (here rent is paid in the form of money. And money is asset)
Credit if increse in income.( here rent is income )
HOPE THE ANSWER IS CORRECT
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