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As all expenses has debit balance as normal balance and rent is also expense then rent expense also has debit balance and shown in income statement as a reduction from revenue.
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Is rent expense a debit or credit?
debit
Is an increase in rent expense a credit?
Rent expense has a debit balance as a normal balance so increase in rent will be shown by debit to rent expense.
Is a increase in rent expense a debit or credit?
I say it is a debit
Journal entry for rent payable?
[Debit] Rent Expense[Credit] Rent payableWhen rent paid[Debit] Rent payable[credit] Cash / bank
What is the journal entry to pay rent?
[Debit] Rent Expense xxxx [Credit] Cash xxxx
Is rent expense a debit or credit?
debit
Is an increase in rent expense a credit?
Rent expense has a debit balance as a normal balance so increase in rent will be shown by debit to rent expense.
Is the current months rent expense is a debit or credit?
debit
Is a increase in rent expense a debit or credit?
I say it is a debit
Journal entry for rent payable?
[Debit] Rent Expense[Credit] Rent payableWhen rent paid[Debit] Rent payable[credit] Cash / bank
How is rent expense properly recorded?
Debit Rent Expense xxxx Credit Rent payable / cash /bank xxxx
Is rent expense is credit?
As all expenses has debit balance as normal balance and rent is also expense then rent expense also has debit balance and shown in income statement as a reduction from revenue.
What is the journal entry paid to rent office?
debit rent expense and credit cash
What is the journal entry to pay rent?
[Debit] Rent Expense xxxx [Credit] Cash xxxx
What should be the journal entry for rent due but not paid?
Dr Rent Expense Cr Accrued Rent Expense (L) (Rent Due) then Dr Accrued Rent Expense (L) Cr Bank (When it is paid)
Is rent a debit or credit?
If you are paying rent it is a debit. If you are a landlord receiving rent its a credit.
What is rent and rates as in accounting terms?
Rent in accounting terms refers to a recurring expense that you plan for. Rate refers more to something that results in a debit on expense, but a credit on payables.
