debit rent expense
credit rent payable
this is a debit entry
Rent A/c....Dr.
To Outstanding Rent A/c
( Being rent unpaid )
outstanding rent
outstanding rent account dabit to Mr ashwin
There is no journal entry when equipment rented out to somebody as there will be entry when actual rent received.
No entry for giving car on rent rather entry is recorded when rent is received from customer.
Debit rent expenseCredit rent payable
outstanding rent
outstanding rent account dabit to Mr ashwin
There is no journal entry when equipment rented out to somebody as there will be entry when actual rent received.
Debit outstanding expensesCredit expenses payable
No entry for giving car on rent rather entry is recorded when rent is received from customer.
Parent company journal entry Debit cash | Credit accounts payable - rent Holding company journal entry Debit accounts receivable - rent | Credit cash
Debit rent expenseCredit rent payable
Debit rent receivableCredit rent income
[Debit] Outstanding expenses [Credit] Cash / bank
debit unexpired rentcredit prepaid rent
rent due to landlord
debit rent expensecredit cash / bank