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Rent receivable

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(Querist)
16 April 2016 the amount of rent receivable on 31 march 2016 is 75000 but actual rent was received on 16 april 2016 net of tds, now what should be the journal entry on 31 march and on the atual date of receipt.
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CA Urvish Sanghavi

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CA Urvish Sanghavi (Expert)
16 April 2016 As we are making entries on Accrual basis, hence we have to account for the accrued income of Rent.
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Udhey Singh

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Udhey Singh (Querist)
16 April 2016 Rent receivable a/c dr 75000
To rent 75000
Is this correct



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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
16 April 2016 Rent Receivable Dr
TDS or Rent Dr
To Rent Income

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