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Outstanding rent of proprietor

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 October 2011 what will journal entry for this transaction.
Rent Of Rs 12,000 is still due at the at of accounting year, and 1/4 of building is used by proprietor's Son.
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U S Sharma

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U S Sharma (Expert)
30 October 2011 rent a/c dr
to liabilities


there is no entry unless son pays the share of his use.
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CA Pushpendra Gaur

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CA Pushpendra Gaur (Expert)
31 October 2011 Even if the son pays or not the netry will be

Rent A/c DR 9000
Proprietor's A/c DR 3000
To Landlord A/c



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Querist : Anonymous

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Querist : Anonymous (Querist)
31 October 2011 thnx for reply

Can I Do in following way

Debit Rent A/C 9000
Debit Drawing A/C 3000
Credit. Outstanding Rent 12000
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Gursimar Singh

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Gursimar Singh (Expert)
31 October 2011 Ur entry is right.....

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