Rental income accounting entries
This query is : Resolved
31 January 2021
Sir,
A business I.t. return filed assess rental income Rs:1,20,000/- received.
Question:
Assess rental income Rs:1,20,000/- credit by profit and loss or credited by capital account accounting entries passed is correct method in books.
A business I.t. return filed assess rental income Rs:1,20,000/- received.
Question:
Assess rental income Rs:1,20,000/- credit by profit and loss or credited by capital account accounting entries passed is correct method in books.
01 February 2021
Credit profit and loss account.
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