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Old 04-01-2008, 11:02 PM   #1 (permalink)
flexdeck
 
Status: Getting feet wet
Join Date: Mar 2008
Posts: 36
flexdeck will become famous soon enough
Default Confusion about rent expense

This is a double entry accounting question about monthly rent expense... Let's say monthly rent expense is incurred and is not yet paid or recorded.

Do I credit rent payable and debit cash? When do I use rent expense? Is this after the month has passed? I am not shure how each t-account affects the opposite side. Any information will be appreciated!
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