Office taken on rent from DLF @50000pm. from 1 April onwards.
As per agreement one month rent and 2 month security deposit given to DLF by cheque.
Journal Entry?
Answers!
Rent A/c Dr 2000
Security Deposit Dr 40000
To DLF 60000
Dlf A/c Dr 60000
To Bank 60000
if TDS Also deducted
Rent A/c Dr 2000
Security Deposit Dr 40000
To DLF 58000
To TDS 2000
Dlf A/c Dr 58000
To Bank 58000
Comment
Answer the question...
Rent A/c Dr 2000
Security Deposit Dr 40000
To DLF 60000
Dlf A/c Dr 60000
To Bank 60000
if TDS Also deducted
Rent A/c Dr 2000
Security Deposit Dr 40000
To DLF 58000
To TDS 2000
Dlf A/c Dr 58000
To Bank 58000
Comment