1. Entry when expense becomes due but not paid
Expense a/c Dr.
to Outstanding Expense Cr.
2. entry when Outstanding expense paid
Outstanding Expense Dr.
to cash/bank Cr.
1) Rent payable at 31st july 2017 - amount 30000
You need to create a Journal transactions for this:
31st july Rent payable Debit
Outstanding rent payable Credit
2) Payment voucher on 5-Aug-17 from Bank A/C==>Rent payable
5-Aug-17 Outstanding rent payable Debit
RENT PAYABLE account will come under DIRECT EXPENSE.
OUTSTANDING RENT PAYABLE will come under CURRENT LIABILITIES