Rent expense has a debit balance as a normal balance so increase in rent will be shown by debit to rent expense.
I say it is a debit
[Debit] Rent Expense[Credit] Rent payableWhen rent paid[Debit] Rent payable[credit] Cash / bank
As all expenses has debit balance as normal balance and rent is also expense then rent expense also has debit balance and shown in income statement as a reduction from revenue.
[Debit] Rent Expense xxxx [Credit] Cash xxxx
Rent expense has a debit balance as a normal balance so increase in rent will be shown by debit to rent expense.
debit
I say it is a debit
[Debit] Rent Expense[Credit] Rent payableWhen rent paid[Debit] Rent payable[credit] Cash / bank
As all expenses has debit balance as normal balance and rent is also expense then rent expense also has debit balance and shown in income statement as a reduction from revenue.
Debit Rent Expense xxxx Credit Rent payable / cash /bank xxxx
As all expenses has debit balance as normal balance and rent is also expense then rent expense also has debit balance and shown in income statement as a reduction from revenue.
debit rent expense and credit cash
[Debit] Rent Expense xxxx [Credit] Cash xxxx
Dr Rent Expense Cr Accrued Rent Expense (L) (Rent Due) then Dr Accrued Rent Expense (L) Cr Bank (When it is paid)
If you are paying rent it is a debit. If you are a landlord receiving rent its a credit.
Expense account is a debit account. So for example the expense is rent paid, so every year the rent expense increases and we record it in the debit side of the rent payable account and to complete the double entry, credit the same amount to the profit and loss account. Follow this basic rule to know which side your looking for: DAXP (debit side items), LICS (credit side items) D: drawings A:assets X:expenses P:purchases, L:liabilities I:income C:capital S:sales. So DAXP items increase in the debit side while LICS items increase in the credit side.