If rent payable to a partner was omitted by mistake, what action should be taken on the concerned partner's account?

Correct answer: It will be credited

Rent payable to a partner is an expense of the firm but increases the partner’s claim (amount payable to him). On adjustment the amount should be credited to the concerned partner’s capital/current account. Option A is wrong because debiting would reduce the partner’s claim, contrary to the correct treatment. Option C is wrong because omission understates the partner’s balance and must be corrected. Exam tip: determine whether an adjustment increases or decreases a partner’s claim — increase = credit, decrease = debit.