Rent paid to landlord should be credited to ___.
Landlord`s account
Rent Account
Cash account
Expense Account
Rent paid is credited to cash account because cash is paid for rent & payment of cash reduces the cash balance.
Rectify the following errors- 1) Wages paid to Pradeep was wrongly debited to his personal account Rs 8,000. 2) Advertisement expense Rs 9,100 paid to Prashithi Add. Ltd. was debited to Prashithi Add Ltd. 3) Rent paid to landlord Dilip was debited to his personal account Rs 4,500. 4) Received interest from Bank of Maharashtra was credited to Bank of Maharashtra account Rs 500. 5) Repairing charges Rs 1,500 paid to Motor Mechanic sharad was debited to his personal account. 6) Cash purchases Rs 8,300 from Shiddhi Trader’s was debited to Shiddhi trader account.