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Zorluk: KolayLedger Classification and Double Entry Rules

A trader paid for office rent by issuing a bank cheque. Which of the following double-entry postings correctly records this transaction in the ledger?

  1. Debit Rent Account and Credit Bank AccountCevap
  2. B
    Credit Rent Account and Debit Bank Account
  3. C
    Debit Rent Account and Credit Purchases Account
  4. D
    Debit Cash Account and Credit Rent Account

Cevap

Debit Rent Account and Credit Bank Account
According to double-entry principles, all expenses are debited when they increase, and assets are credited when they decrease. Paying rent by cheque increases rent expense (debit Rent Account) and reduces bank funds (credit Bank Account).

Adım Adım Çözüm

1
Identify the two accounts involved in paying rent via cheque.
The accounts involved are Rent Account (Nominal / Expense) and Bank Account (Real / Asset).
Rent represents an operating expense and cheque payments affect the bank balance.
2
Apply the golden rules of accounting to determine debit and credit entries.
Debit Rent Account (increase in expense) and Credit Bank Account (decrease in asset).
The rule for nominal accounts is to debit all expenses and losses. The rule for asset accounts is to credit decreases in assets.

Anahtar Kavram

Double Entry Posting Rules for Expense Transactions
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Konular

Ledger Classification and Double Entry Rules

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