Interested to Buy Any Domain ? << Click Here >> for more details...
1. WE RUN A OFFICE IN RENTAL BUILDING, MY QUESTION IS A) I
TREAT THE OWNER OF A BUILDING AS CREDITOR AND PASS JOURNAL
VOUCHER IN TALLY AT THE END OF THE MONTH (OR)I SIMPLY
ACCOUNT THE RENT TO BE PAID AS OUTSTANDING EXPENSES AND
AFTER AT THE TIME OF PAYMENT I PUT PAYMENT VOUCHER , PLEASE
ADIVICE ANY OTHER OPTION ALSO?
- 1 Answers
- 4284 Views
- I also Faced
- E-Mail Answers
Answer / h.r. sreepada bhagi
As mentioned by you, treating the Landlord as Creditor &
booking rental charges for the month by crediting the
Landlord A/c(Through General Journal) is correct. When the
payment is made next month as per the terms of the
Rent/Lease agreement, Pay by debiting the Landlord &
crediting the Bank/Cash A/c. In case you pay rent in advance
in the beginning of the month, then you can directly debit
the Rent A/c (Expense) and credit Bank/Cash as the case may
be. In any case you need to subject the rental amount to TDS
as per the provisions of the Income Tax Act,1961 (India).
| Is This Answer Correct ? | 3 Yes | 0 No |
How to get C forms in online? Plz give me Processor Thanq
Diffrence between Statutory Audit & Internal Audit
advance received from customer what is the general entry
In accounting, are assets a permanent account?
how can i settle the party ac with cr & dr
Please answer me for the followings 1. i taken an office on January @ rent 28000.00 for one year and i paid 14000.00 as first payment balance will be paid on august. in tally how we post this and under which account especially balance 14000.0 under which account. 2.i have taken a loan from mr. A the amount is 100000.00 on January and the interest i need to pay on march 21000.00 the interest which iam going to pay is liability not a expense and it will be a expense in future, how we can post this also in tally and under which account. please somebody guide me who knows regards niyas es
How to File CST & VAT?
Do you have any professional experience in this field?
my assessment says that I must post a dishonoured cheque in the general journal not a specialised journal how would I write that I know bank would be credited but what account would be debited???
Tell me what is the difference between accumulated depreciation and depreciation expense?
What do you mean about TDS And Sale tax retrun
What is diffrence between direct & Indirect Exp.
Audit 
