Menu
Rent Payable Entry but there one Fundamental Assumption
There are Mr.Husband and Mrs.wife both are Doctor, But Husband paid Hospital Rent to his Wife, What is the Entry recorded in the Books of Mr.Husband at the Year end and under which Fundamental Assumption???
Replies (4)
Entry be
Rent Dr. and Bank A/c Cr
Rent Dr. and Bank A/c Cr
But there is One thing that, Rent is Payable not Paid?
Do not raise similar query again and continue with one
Entry would be
Rent A/C Dr
To Rent Payable A/C
Recent Threads
- Income Tax Financial Year 2025-26
- GST rate rcm
- AI in ERP & System Audits - Why Auditors Shoul
- Can updated return be filed having salary income a
- Save LTGC on land sale
- Property given on rent- ITC
- India–EU Trade Pact: Tariffs Down, Opportuni
- How to get online work as a accountant
- GST mandatory when exporting services?
- IMS action related
Related Threads
CAclubindia
