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 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)
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