Balaji Subbu (SAP FICO) (220 Points)
22 August 2016Dear Professional friends
In our apartment we are 100 house owners
01.04.2016 to 30.06.2016....Quarterly I am getting Rs5000 from each. (Maintenance Charges)
Flat100 paid Rs 15000 - advance
Flat99 paid Rs 5000
Flat98 not paid
Please let me know accounting journal entries
Adv Thanks my dear friends
Cheers
Balaji Subbu
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 23 August 2016
by maintanance collection a/c dr ............15000/-
to flat owners
flat 100 ........................ ............................................................... 5000/-
flat 99............................................................................................ 5000/-
flat 98 .......................................................................................... 5000/-
(being the amount recoverable from the flat owners for apr-june quarter)
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in the flat ledger
by cash received .................................................. 20000/-
to flat owners
flat 100 ........................................................................................15000/-
flat 99 .............................................................................................5000/-
(being the amount remitted by flat owners)
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under the flats ledger
flat no 100
Maintanance collection ............................................ 5000
Payment received ......................................................................15000/-
balance 10000/-
flat no 99
Maintanance collection ............................................ 5000
Payment received ......................................................................5000/-
balance NIL
flat no 98
Maintanance collection ............................................ 5000
balance due 5000/-
CAclubindia
