Interview practical question
This query is : Resolved
29 August 2019
Question
X ltd give a property on rent to y ltd for 20,000 p.m. Y ltd give security deposit of 5,00,000 to x ltd.
Interest on security deposit is 12%p.a
Gst rate is 18%
Tds on rent and interest is 10%
Pass one Journal entry in receipt of cheque
X ltd bank in pnb
Y ltd bank in sbi
Answer is bank dr by 17100 only by how?
X ltd give a property on rent to y ltd for 20,000 p.m. Y ltd give security deposit of 5,00,000 to x ltd.
Interest on security deposit is 12%p.a
Gst rate is 18%
Tds on rent and interest is 10%
Pass one Journal entry in receipt of cheque
X ltd bank in pnb
Y ltd bank in sbi
Answer is bank dr by 17100 only by how?
30 August 2019
pass separate entries.
debit bank 18000
debit tds on rent 2000
credit rent 20000....... and so on
debit bank 18000
debit tds on rent 2000
credit rent 20000....... and so on
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN REDEVELOPED FLAT
- Multiple payment of self assessment tax for A Y 2025-2026
- REGARDING ITR FILING QUESTION
- Requirement under FEMA &RBI
- DUE DATE FOR ITR FILING
- ITC BENEFIT ON BROKRAGE PAID
- Correction in TDS return New Traces Portal
- Sale of Mutual Funds In Diffirent Financial Years
- Gst reverse charge mechanism to be claimed in the month of payment
- TDS NOT YET CREDIED
- GST REGISTRATION REQUIRED TO DIAGNOSTIC UNIT
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
