Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 21 - No. 4)

If a business pays rent in cash, which accounts are affected and how?

Debit Cash, Credit Rent Expense

Debit Rent Expense, Credit Cash.

Debit Accounts Payable, Credit Cash.

Debit Cash, Credit Accounts Payable.

Rent expense increases (debit), and cash decreases (credit).