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Issue ID: 121113
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Journal entry for office rent expense

Date 10 Sep 2026
Replies 3 Replies
Views 400 Views
Office rent paid through a savings account recorded as a business bank account is debited against that account.
Office rent paid through a savings account maintained in the proprietorship's books as a bank account is recorded by debiting the Office Rent Account and crediting the Savings Bank Account. If payment is made from the proprietor's personal savings account that does not represent a business bank ledger, the expense is generally debited and the Proprietor's Capital Account is credited, reflecting capital introduced for payment of the business expense. (AI Summary)

What is journal entry for office rent paid by proprietor from savings account ?

Savings account also maintained in books of account of proprietor ...

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