ENTRIES
This query is : Resolved
22 November 2010
1.What should be the entry of RENT PAYBLE.
22 November 2010
Rent Paid DR (indirect Exp)
Rent Payable CR (Current liabilities & Provisions)
Rent Payable CR (Current liabilities & Provisions)
22 November 2010
Debit Rent for Rs.XX (Grouped under exp)
Credit Rent payable Rs.XX (Grouped under current liabilites)
Credit Rent payable Rs.XX (Grouped under current liabilites)
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