Outstanding rent of proprietor
Querist : Anonymous
Rent Of Rs 12,000 is still due at the at of accounting year, and 1/4 of building is used by proprietor's Son.
to liabilities
there is no entry unless son pays the share of his use.
Rent A/c DR 9000
Proprietor's A/c DR 3000
To Landlord A/c
Querist : Anonymous
Can I Do in following way
Debit Rent A/C 9000
Debit Drawing A/C 3000
Credit. Outstanding Rent 12000
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