paid landlord rs 1.200 for rent one -third of the premises is
occupied by proprietor for his own residnce
what will be the entry
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Answer / aleem.f
rent a/c dr 800
drawings a/c dr 400
to cash 1200
is this entry correct please help me
| Is This Answer Correct ? | 51 Yes | 3 No |
Answer / nagarjuna
RENT A/C Dr RS.800
DRAWINGS A/C DR RS.400
TOCASHA A/C Cr Rs. 1200
(Being 1/3 of rent paid for self occupation which will be
treated as his personal exp i.e drawings and balance paid for
his business where it is expenditure for the firm)
| Is This Answer Correct ? | 14 Yes | 1 No |
Answer / chetan kejriwal
Rent A/C Dr. 400
Drawings A/C Dr. 800
To cash A/C. 1200
| Is This Answer Correct ? | 8 Yes | 4 No |
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