My question is if rent paid rs.2oo Then what will be the general entry for that and what will come on debit side
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My question is if rent paid rs.2oo Then what will be the general entry for that and what will come on debit side
In the simplist form of accounting, the opposite side of a debit entry for expense is often a credit to cash. Rent is an expense.
You need to study your text to gain a thorough understanding of the principles
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