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Rent due to landlord 10000 and salary due to clerks 8000. What is the journal?
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Rent due to landlord 10000 and salary due to clerks 8000. What is the ...
Journal Entry for Rent Due to Landlord and Salary Due to Clerks
There are two transactions that need to be recorded in the journal:
Transaction 1: Rent Due to Landlord
Explanation: The rent expense account is debited to recognize the expense, and the landlord payable account is credited to show the amount owed to the landlord.
Transaction 2: Salary Due to Clerks
Explanation: The salary expense account is debited to recognize the expense, and the cash account is credited to show the outflow of cash for the payment of salaries.
Summary
In summary, when recording rent due to landlord and salary due to clerks in the journal, the rent expense account is debited, and the landlord payable account is credited for rent due to the landlord. On the other hand, the salary expense account is debited, and the cash account is credited for salary due to clerks. This ensures that the expenses and liabilities are recognized in the books of accounts, and the payments are appropriately recorded.
There are two transactions that need to be recorded in the journal:
Transaction 1: Rent Due to Landlord
- Debit Rent Expense account with 10000
- Credit Landlord Payable account with 10000
Explanation: The rent expense account is debited to recognize the expense, and the landlord payable account is credited to show the amount owed to the landlord.
Transaction 2: Salary Due to Clerks
- Debit Salary Expense account with 8000
- Credit Cash account with 8000
Explanation: The salary expense account is debited to recognize the expense, and the cash account is credited to show the outflow of cash for the payment of salaries.
Summary
In summary, when recording rent due to landlord and salary due to clerks in the journal, the rent expense account is debited, and the landlord payable account is credited for rent due to the landlord. On the other hand, the salary expense account is debited, and the cash account is credited for salary due to clerks. This ensures that the expenses and liabilities are recognized in the books of accounts, and the payments are appropriately recorded.
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Rent due to landlord 10000 and salary due to clerks 8000. What is the ...
Rent A/c Dr. 10000 Salary A/c. Dr. 8000 To Cash A/c 18000
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Rent due to landlord 10000 and salary due to clerks 8000. What is the journal?
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Rent due to landlord 10000 and salary due to clerks 8000. What is the journal? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Rent due to landlord 10000 and salary due to clerks 8000. What is the journal? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Rent due to landlord 10000 and salary due to clerks 8000. What is the journal?.
Rent due to landlord 10000 and salary due to clerks 8000. What is the journal? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Rent due to landlord 10000 and salary due to clerks 8000. What is the journal? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Rent due to landlord 10000 and salary due to clerks 8000. What is the journal?.
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