Question

Which account is debited, when rent is paid by Debit card ?
answer in one sentence....​

Answer 1

RENT A/C is debited in case of payment through debit card .  

Explanation:

The rent payment will be considered as the expense .

The journal entry for the same will be :-

Rent A/c .....Dr.

To Bank A/c

Answer 2

The rent account is debited, when rent is paid by debit card

Explanation:

In the given situation, since rent is paid via debit card which represents the bank account

So, the journal entry to record this transaction would be

Rent expense A/c Dr

      To Bank A/c

(Being rent is paid)

As rent is an expense and the expense account is always debited so the rent account is debited and since rent is paid via debit card which reduces the bank balance so we credited the bank account

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Which account is debited when rent is paid by debit card​

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