Interest on security deposit whether adjustable from rent

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 July 2012 Can i show rent as net amount in P&L after deducting interest received on security amount deposited with the landlord?

CMA Ramesh Krishnan (Expert)
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25 July 2012 No. rent need to be accounted fully as well as Interest received also need to be account separately

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