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Pass the Journal entries in the books of G & Co, for the following:

(i) Firm took property of Amrit, a partner at a monthly rent of ₹ 20,000 w.e.f 1st June, 2023. Rent was yet to be paid for the year ended 31st March, 2024.

(ii) Firm took property of Karan, a partner at a monthly rent of ₹ 25,000 w.e.f. 1st June, 2023 payable by 7th of the next month. Rent was paid for the year ended 31st March, 2024 as agreed.

(iii) Firm took property of Pawan, a partner at a monthly rent of ₹ 50,000 w.e.f. 1st October, 2023. Rent was paid up to 31st January, 2024 by cheque and balance was yet to be paid.

Anurag Pathak Changed status to publish April 22, 2024
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