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The Actual Rent was 12000,in the month of Feb i had paid
15000 and in the month of march i had paid 3000. Pass the
necessary Journal entry for this.
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Answer Posted / h.r. sreepada bhagi
Going by your query you have paid Rs.3000/- excess in the
month of Feb. Why have you paid another Rs.3000/- in March?
Is it that actual rent is Rs. 15000/- and have paid
Rs.12000/-, so have paid the balance of Rs. 3000/- in teh
next month :-
In that case the Journal entry would in Feb :-
Rent A/c Debit Rs.15000/-
Landlord A/c Rs.15000/-
(TDS not considered)
Bank Payment entry in Feb :-
Landlord A/c Debit Rs.12000/-
Bank/Cash A/c Credit Rs.12000/-
Bank Payment entry in Feb :-
Landlord A/c Debit Rs.3000/-
Bank/Cash A/c Credit Rs.3000/-
But if actual rent was 12000/- as you have mentioned and
have paid 15000+3000, then there is an excess payment of
6000/-. Either this amount has to be received from teh
landlord or deducted from the rent of next month.
| Is This Answer Correct ? | 6 Yes | 15 No |
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