Here is a question i was asked below is the scenario need to enter journal ent

Here is a question i was asked below is the scenario need
to enter journal entrries for both accounting system Cash
and Accrual
:-

1) Landlord A/c
2) Tenant A/c
3) Bills Receivable A/c
4) Cash A/c
5) Bank A/c

Situation:-
1) Bill is created.
2) Bill is sen to the tenant, journal entry =?
3) Cash is received from the tenant, journal entry=?
4) Receipt is created.
5) Receipt is sent to the tenat, journal entry=?

Its urgent, please help.

Question Posted / vinayakssathe

2 Answers
5892 Views
I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

Here is a question i was asked below is the scenario need to enter journal entrries for both accou..

Answer / yash

in the book of landlord
bill is created & sent
1.)tenant name a/c.........dr
to rent (income)a/c

cash is received from tenant
2.)cash a/c ......dr
to tenant/name a/c

all oposite entry in the books of tenant

if any error pls tell me

Is This Answer Correct ?

4 Yes

0 No

Here is a question i was asked below is the scenario need to enter journal entrries for both accou..

Answer / deepak

in the book of landlord
bill is created & sent
1.)tenant name a/c.........dr
to rent (income)a/c

cash is received from tenant
2.)cash a/c ......dr
to tenant/name a/c
in tenenats book
3.Rent A/c. Dr
Rent Payable A/c
4. Rent payable A/c. Dr
Cahs Bank A/c.

Is This Answer Correct ?

0 Yes

1 No

Post New Answer

More Accounting General Interview Questions

WHAT IS MIS REPORT IN ACCOUNTS ? WHAT IS ITS USE IN ACCOUNTS & GIVE WITH AN EXAMPLE ?

0 Answers

we are a trading company providing devices and some times after sales service. when any defect came we just replace the hardware from another defective device and getting the payment from the customer. how can we account that? is there any tax implications for this?

1 Answers

Tell me the types of accounts involved in double entry book-keeping?

0 Answers

WHY DON'T WE TAKE BANK AND CASH ACCOUNTS INTO REALISATION

2 Answers

what is balance sheet?

3 Answers

what is break even point

5 Answers Capital IQ,

What is CST ?

10 Answers

Dear sir/madam, Want to know entry for closing of sundry creditors account on the end of the year when its accounts shows debit balance, Payment made excess. E.g Invoice rcvd : 100000.00 from XYZ company payment Made: 105000.00 Please suggest best entry for the same

0 Answers

If We Purchase Service Of Bl Fees; Is It Necessary To Make Entry As XYZ Co A/c. Dr To BL Fees A/c. Or Just To Make Entry As XYZ Co A/c. Dr To Purchase A/c. Is It The Wrong In Audit Or Any Gen Check Of Entries.

2 Answers

what is deferred income & deferred revenue expenses

1 Answers

Balance Sheet comes under which account? a)personal a/c, b) real a/c, c) nominal a/c

4 Answers

Explain things that fall under intangible asset?

0 Answers

For more Accounting General Interview Questions Click Here