Entry for Rent
This query is : Resolved
12 April 2022
Dear All,
Our is a LLP Organisation. We have taken an office on rent of Rs.7500/- per month. we have done a repairing of office shutter for Rs.3200/-. We have adjusted the same in the rent amount and paid balance to the landlord i.e. Rs. 4300/- in cash. I have passed the following entry :
Office Rent Dr. 7500/-
To Repairs and Maintenance Cr. Rs.3200/-
To Cash Cr. Rs.4300/-
Is the entry correct or there is some other adjustment for the same, Please suggest.
Thanking you,
Our is a LLP Organisation. We have taken an office on rent of Rs.7500/- per month. we have done a repairing of office shutter for Rs.3200/-. We have adjusted the same in the rent amount and paid balance to the landlord i.e. Rs. 4300/- in cash. I have passed the following entry :
Office Rent Dr. 7500/-
To Repairs and Maintenance Cr. Rs.3200/-
To Cash Cr. Rs.4300/-
Is the entry correct or there is some other adjustment for the same, Please suggest.
Thanking you,
13 April 2022
Yes, this entry is right.
13 April 2022
Thank You, sir for your reply.
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