Nuptial Inc. paid the rent for the current month in cash. Which of the following account titles will be debited?

Question

Quizplus · Accepted Answer

The rent has been paid in cash, which means that an expense has been incurred. Therefore, the Rent Expense account should be debited. The other options are incorrect as they do not reflect the actual transaction. Prepaid rent would be debited if rent was paid in advance, Rent Payable would be credited if rent was yet to be paid, and Rent Revenue would be credited if Nuptial Inc. received rent from its tenants.