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Rent paid by partnership firm

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 February 2018 Dear All,

Can anyone please assist with the journal entry for rent paid by a partnership firm to a partner.
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RAJA P M

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RAJA P M (Expert)
05 February 2018 If you are paid rent to your partner...

Dr. Rent Paid A/c - XXX
Cr. Partner Capital (Current/Drawing) A/c - XXX

Payment :
Dr. Partner Capital (Current/Drawing) A/c - XXX
Cr. Bank A/c - XXX

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