What is the journal entry for paid to babu 15,500 in fullsettlement?
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The debits and credits are shown in the following journal entry: 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.
meenumaniyan1997:
Thkz
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Answer:
babu ac dr. 15500
to cash ac 15500
(being cash paid in full settlement)
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