[Debit] Rent Expense[Credit] Rent payableWhen rent paid[Debit] Rent payable[credit] Cash / bank
Dr Rent Expense Cr Accrued Rent Expense (L) (Rent Due) then Dr Accrued Rent Expense (L) Cr Bank (When it is paid)
outstanding rent
Debit prepaid rent and credit cash.
debit rent expense and credit cash
Debit rentCredit bank
You can rent a car using a debit card at most major car rental companies, but some may have restrictions or additional requirements. It's best to check with the specific rental company for their policies on debit card usage.
I have never had to use a credit or debit card and I have rented numerous places in Ohio for about 7 years.
Prepaid rent is a rent paid in advance so it is current asset and it will have debit balance as normal balance.
No, only a credit card can be used. No cash in any form.
yes but you need a cash deposit up front
car rent a/c DR to cash a/c CR [ being expenses paid ]