Accounts

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 August 2011 hwen rent is paid the following entry is passed.
rent ac.....dr
to cash
as per modern approach when expense increase it should be debited.But here actually expense is declining.why it is not credited

CA. Vikash Dwivedi

CA. Vikash Dwivedi (Expert)
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18 August 2011 when you incurr any expense, you expense account increases or decrecreases??
whether modern or traditional approach fundamental concept remains same.

Either you question is incorrect or your interpretaion. something is wrong.