Journal Entry for Paid Expenses Last Updated : 21 Apr, 2025 Comments Improve Suggest changes Like Article Like Report Any amount spent in order to purchase or sell goods or services that generates revenue in the business is called expenses. Rent, Commission paid, Salaries & Wages Paid, Interest paid, etc are some examples of Expenses. Expenses are a part of the Nominal account. The Cash Account will be decreased with the amount paid as expenses, so it will be credited and Expenses will be debited according to the rule of the Nominal account.Journal Entry: Example 1: Rent paid in cash ₹5000.Solution: Example 2: Interest paid in cash ₹1,000.Solution: Example 3: Salaries paid ₹20,000.Solution: Comment More infoAdvertise with us S sukantkumar Follow Improve Article Tags : Accountancy Commerce Explore Commerce 3 min read AccountancyCBSE Class 11 Accountancy Notes 8 min read CBSE Class 12 Accountancy Notes 15 min read Accountancy 14 min read Business StudiesCBSE Class 11 Business Studies Notes 9 min read CBSE Class 12 Business Studies Notes 9 min read Business Studies 8 min read EconomicsMicroeconomics 4 min read Statistics for Economics 5 min read Macroeconomics 4 min read Indian Economic Development 4 min read Economics 3 min read Human Resource Management (HRM) 8 min read Management 5 min read Income Tax 4 min read Finance 11 min read Like