Interested to Buy Any Domain ? << Click Here >> for more details...
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.
- 2 Answers
- 5896 Views
- I also Faced
- E-Mail Answers
Answer Posted / 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 View All Answers
were you happy with the grades you achieved at a-level?
How can you do credit control?
please explain all accounting concepts n conventions in detail
Can share warrants issued by the company be considered as potential equity shares? If yes, then will it be considered for calculating dilutive EPS?
Trial balance as on 31st March, 2014 Particulars Debit Pula Particulars Credit Pula Wages 14 100 Dividends received 4 300 Salaries 13 000 Bank overdraft 41 000 Opening Stock 40 000 Returns 1 000 Machinery 49 000 Creditors 14 200 Investments 30 700 Sales 258 500 Drawings 23 000 Capital 30 000 Purchases 130 000 Returns 2 000 Debtors 18 000 Advertising 13 400 Interest 4 800 Cash 11 000 349 000 ======= 349 000 ======== Additional information: 1. Closing stock is valued at P53 000. 2. Wages include P350 being advance against wages. 3. Wages include P1 000 paid for erection of machinery. 4. A purchase of stationery for P430 has been inadvertently included in the Purchases account. 5. A sale of investments with a book value of P2 600 for P2 500 has been included in the Sales Account. 6. Salaries include P150 per month paid to the proprietor’s domestic servant. 7. Machinery is to be depreciated by 10 per cent. Required: a. The revenue statement (Trading and Profit and Loss Account) for the year ended 31st March 2014 and b. Statement of financial position (Balance Sheet) as on 31st March, 2014.
when receieve cheque from a party and we deposite cheque in bank how do this entry
What is the purpose of a balance sheet?
At the time of death of a partner, firm gets ________ from the insurance company against the Joint Life Policy taken jointly for all the partners. (a) Policy Amount. (b) Surrender Value. (c) Policy Value for the dead partner and Surrender Value for the rest. (d) Surrender Value for all the partners.
formula of reduction in tax credit of vat form 201(gujarat)
What are the methods used in different industries for labor and non-labor costs in Projects.
Explain have you ever prepared mis reports and what are these?
Which forms in use in service Tax, Excise duty and Vat for the return.
Private purchases amounting to rs 5000 have been debited to purchases account
Under what type of account do the unearned revenues fall?
Tell me what is working capital?
