deepak81
deepak81 deepak81
  • 08-01-2021
  • Business
contestada

paid rent of Rs.25000 by cheque. make journal entry ​

Respuesta :

Samawati
Samawati Samawati
  • 10-01-2021

Answer:

see below

Explanation:

Rent is an expense to the business. An increase in expenses is debited.

rent was paid by cheque. The transaction will reduce money held at the bank( asset) by Rs. 25,000. A reduction in assets is credited.

The journal entry will be

Rent A/c  Dr. Rs. 25,000

Bank A/c           Cr. Rs. 25,000

Answer Link

Otras preguntas

For each of the squences below, find a formula that generates the sequence. (a) 10,20,10,20,10,20,10...
Can somebody help me with this?
Find the area of the shaded region.
Successive West African kingdoms Ghana, Mali, and Songhay a) drew upon the agricultural fertiliity of the Inland Niger River Delta b) dominated the urban center
The data below shows the temperature of the water in a swimming pool over a two week period. Week 1 Day-------Temperature (°F) Monday 58° Tuesday 48° Wedn
​70% of the workers at Motor Works are​ female, while 68​% of the workers at City Bank are female. If one of these companies is selected at random​ (assume a​ 5
A myringotomy knife is used on the: A. nose B. eye C. ear D. throat
Yo ____________________ un bolígrafo. a. buscamos d. busca b. busco e. buscas c. buscan
M1Q5.) Enter your answer as a fully reduced fraction.
When the north end of Earth’s axis is tilted toward the sun, North America will experience?