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When rent paid to arvind will arvind's name come in journal entry


Prasanth kumar Kamisetty

Prasanth kumar Kamisetty

CA Foundation

11K+

12-Jul-20

49

Answers (1)

Yes, if there is a separate creditor account in his name, amount will be first credited to "Arvind A/c" while booking expense but if there is no creditor account with that name in the books of account, then Rent Payable A/c will be credited


sudha reddy

sudha reddy

Moderator

12-Jul-20

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