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Querist : Anonymous

Querist : Anonymous (Querist)

31 December 2013 Rent deposit 10 and rent for the month is 2 payment is for Mr.X...can you tell me the journal entry?

@VaibhavJ

@VaibhavJ (Expert)
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31 December 2013 Hi

In land lord Book

For Deposit:

Bank A/c Dr... Rs. 10
To...Deposit from Mr. X Rs. 10

For Rent Received:

Rent Receivable Mr. X Ac...Rs. 2
... To Rent (Income )...A/c..Rs. 2

Bank A/c Dr... Rs. 2
To...Rent Receivable Mr. X Ac...Rs. 2

Thanks//VaibhavJ