State the closing entries for rent paid to partners - Accountancy - Financial Statements (without adjustments)

Question

State the closing entries for rent paid to partners

Neha Chopra · Accepted Answer

Dear
Student,

Journal

Date
Particulars
L
F
Debit
Amount
(Rs)
Credit
Amount
(Rs)

Rent
A/c
Dr

To Partner's Capital
A/c

(Being Rent to be paid to
partners)

Partner's Capital
A/c

To Cash
A/c

(Being rent paid to
partners)

Rent A/c would be closed
by transferring to Profit & Loss A/c

Regards,

Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
	Rent A/c	Dr.
	To Partner's Capital A/c
	(Being Rent to be paid to partners)

	Partner's Capital A/c
	To Cash A/c
	(Being rent paid to partners)

State the closing entries for rent paid to partners.