IndigoLearn

Forums

Journal

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 21:39

14

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 23:36

IL Pass percentages
Tally Free
Quote
Refer
EMI
Lazypay
Past_Exams