What is the journal entry for rent paid?

Journal entry for rent paid

 The journal entry for rent paid depends on the method of payment. Here are some examples:

Rent paid by cash:
Debit Rent Expense Account
Credit Cash/Bank Account

Rent paid by cheque:
Debit Rent Expense Account
Credit Bank Account

Rent paid in advance:
Debit Prepaid Rent Account
Credit Cash/Bank Account

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It is important to note that the above examples are based on the assumption that the rent paid is a revenue expense. If the rent paid is related to a capital expenditure, the journal entries will be different. It is always recommended to consult a qualified accountant for proper guidance in accounting transactions.

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