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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

Answers were Sorted based on User's Feedback



paid landlord rs 1.200 for rent one -third of the premises is occupied by proprietor for his own re..

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 ?    22 Yes 0 No

paid landlord rs 1.200 for rent one -third of the premises is occupied by proprietor for his own re..

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 ?    5 Yes 0 No

paid landlord rs 1.200 for rent one -third of the premises is occupied by proprietor for his own re..

Answer / chetan kejriwal

Rent A/C Dr. 400
Drawings A/C Dr. 800
To cash A/C. 1200

Is This Answer Correct ?    2 Yes 2 No

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