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Cash paid 2000 for rent. What is debit account?

A. Cash

B. Rent

C. Account payable

D. Note receivable

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Question added by Wasim khan wazir , Finance Specialist , Mott Macdonald
Date Posted: 2015/12/15
Akilur Rahman
by Akilur Rahman , Accounts Manager , Falcon Industries W.L.L.

Rent is the correct Answer 

Rent A/C ---Dr

   To Cash A/C

 

Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

From the given options, Option B is the right answer.

Mujibur Rahman ACCA
by Mujibur Rahman ACCA , Founder And CEO , MR-Accountants

Answer is B. By paying cash of increase the expense for rent account. As per accounting rules if expense increase it will be debit. Hence, Rent is debit and other one is Cash credit ( Asset decrease). 

Azba Qureshi
by Azba Qureshi , Finance Manager , ProtactiQ Performance Solutions

Option B. Rent a/c is the correct answer.

Mohammad Ashraf khan
by Mohammad Ashraf khan , ACCOUNTS MANAGER , BLOW - UPS INTERNATIONAL

By Rent A/c  Dr.    

  to Cash A/c                          

 

So "B" is correct Answer

ADITYA SHARMA
by ADITYA SHARMA , Manager , DELOITTE AND TOUCHE

The Question is silent whether the rent paid is related to the current period.

Hence best answer in this case is rent account will be debited

Nitin Samarth
by Nitin Samarth , Group Financial Controller , Frsan Palace Hotel Group

Answer is B or If it is in the provision then Rent Payble to be Dr

Amany  Mohamed
by Amany Mohamed , Azor Pharma for medical industry , Azor Pharma for medical

rent expense    2000

     cach                             2000

BHAVIN PATEL
by BHAVIN PATEL , Senior Accountant , Sigma Projects

Debit Account is Rent because Cash Rent is paid so as per double entry book-keeping system entry should be:

Rent A/c.   Dr.2,/-

Cash A/c.  Cr.2,/-

Umair Javed
by Umair Javed , Deputy Manager Accounts & payables , Fazal Group Of Companies

Rent A/c would be debit account.

Muhammad Afzal Muhammad Ashiq
by Muhammad Afzal Muhammad Ashiq , Section Head-Cost Accounting , Solb Steel Company

option "B" is the correct Answer.

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