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Rent Payable at The Year End Both are Doctor Mr. and Mrs.
Mr.A is a Doctor and Mrs.B his Wife both are DOCTOR'S, Mr.A is Rent PAYABLE of Hospital to his Wife Mrs.B at the Year End, What is the Entry in the Books of Mr. A at the Year end and also in Which Fundamental Assumption you use it???
Replies (2)
Entry be
Rent Dr. and Bank A/c Cr
or
Rent Dr and Outstanding Exp Cr.
Rent Dr. and Bank A/c Cr
or
Rent Dr and Outstanding Exp Cr.
That is Not Correct entry Mr.Kapadia Pravin..
and what is Assumption you use when you pass this Entry?
and what is Assumption you use when you pass this Entry?
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