Rent adjustment from security deposit

GANESH KUMAR KASHYAP (Private Job) (206 Points)

09 July 2015  

DEAR SIR/MADAM,

RENT SECURITY DEPOSIT BY CASH FOR RS. 50000 & ADJUSTMENT FROM SECURITY DEPOSIT FOR RENT 2 MONTHS(MAY & JUNE 2015, 15000*2=30,000) & BALANCE AMOUNT 20,000INR RECEIVED BY BANK A/C.

WHEN PAID FOR SECURITY DEPOSIT.

DR.      RENT SECURITY DEPOSIT A/C   -   50,000

                            TO CASH A/C

WHEN ADJUSTMENT FROM RENT SECURITY DEPOSIT FOR RENT 2MONTHS(MAY & JUNE 2015, 15000*2=30,000) & BALANCE AMOUNT 20,000INR RECEIVED BY BANK A/C.

TO  RENT SECURITY DEPOSIT    -  50,000

DR. RENT M/O MAY 2015               -  15,000

DR. RENT M/O JUNE 2015              -  15,000

DR.  BANK A/C                                  - 20,000

IS ENTRY CORRECT? IF YES THEN,  WILL BE ENTRY FOR RECEIPT VOUCHER OR JOURNAL VOUCHER?

IF NO, THEN WHAT WILL BE ENTRY?