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    imran_78611's Avatar
    imran_78611 Posts: 2, Reputation: 1
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    #1

    Aug 9, 2012, 05:30 AM
    General entry for rent paid
    My question is if rent paid rs.2oo Then what will be the general entry for that and what will come on debit side
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Aug 9, 2012, 05:42 AM
    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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