If cash is paid for office rent, the transaction includes what? Debiting cash and crediting rent expense... I'm not sure... please help
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If cash is paid for office rent, the transaction includes what? Debiting cash and crediting rent expense... I'm not sure... please help
In a statement of cash flows, which of the following events would not be classified as an operating activity?
a) purchase of a trading security
b) receipt of a chas dividend
c) payment of interst on a bond issue
d) proceeds from the sale, at a gain, of aa available for sale security
Dr. Rent ExpenseQuote:
Originally Posted by flea
Cr. Cash
Preparation of financial statements accounting principles are applied differently from one fiscal period to the next? True or false
[QUOTE=flea]If cash is paid for office rent, the transaction includes what? Debiting cash and crediting rent expense... I'm not sure... please help[/QU no the exact answer is office rent debit .................and credit cash
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