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
Answer Posted / 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 |
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