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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?
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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