Journal entry

Rent paid
Replies (2)
journal entry is dr. rent exp,
cr. the owner of the asset.
payment entry is dr. the owner of the asset
cr. cash or bank. is it correct or not?

Rent a/c   Dr

 To creditor(ownner of property)

Being due entry for rent

 

Creditor a/c    Dr

    To Cash/bank

Being payment of rent made

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