Interview practical question
This query is : Resolved
Deepanshu Bansal
(Querist)
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?
Amol S Joglekar
(Expert)
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
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