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
5803 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

When we are doing the reconciliation process in cash management please tell me what are the different status will happen and when will it happen. Please help me out.

0 Answers Cap Gemini,

what should by the journal entries for tds payble

5 Answers

What is use of subject history in banking?

0 Answers Banking,

I got a transaction of Online Recruitment Charges, So What is the Ledger to Create?

1 Answers

Define a company's payable cycle?

0 Answers

how we calculate tds on salary

1 Answers

Explain what is gaap?