Security deposit
This query is : Resolved
29 April 2013
D/Sir
my queries is. I Received 50000/-Rs as a Security Deposit from Tenent as a rent agreement. then after 11 month he leave our property and now i have to return him security deposit 25000.00 becoz rest of amont are dedected in monthly rent received. how i make the entry in tally.
my queries is. I Received 50000/-Rs as a Security Deposit from Tenent as a rent agreement. then after 11 month he leave our property and now i have to return him security deposit 25000.00 becoz rest of amont are dedected in monthly rent received. how i make the entry in tally.
Sumit Grover
(Expert)
29 April 2013
How much is the monthly rent? And how much amount have you received from him apart from Security deposit ?
30 April 2013
monthly rent was 18000. and i received around
9 month rent aprox.162000.
9 month rent aprox.162000.
30 April 2013
1 month and 12 days rent were due which is he deducted form security deposit. so m confused
how i make the refund entry in tally.
how i make the refund entry in tally.
Sumit Grover
(Expert)
30 April 2013
Effect of Service tax & TDS has not been taken into consideration for simplicity purpose:
Bank A/C Dr. 50,000
Security Deposit Cr. 50,000
Party Dr. 1,98,000
Rent income Cr. 1,98,000
(rent income of 11 months)
Bank A/c Dr. 1,72,800
Party Cr. 1,72,800
(rent of 9 months & 18 days recd.)
Security Deposit A/c Dr. 50,000
Party A/c Cr. 25,200
Bank A/c Cr. 24,800
Bank A/C Dr. 50,000
Security Deposit Cr. 50,000
Party Dr. 1,98,000
Rent income Cr. 1,98,000
(rent income of 11 months)
Bank A/c Dr. 1,72,800
Party Cr. 1,72,800
(rent of 9 months & 18 days recd.)
Security Deposit A/c Dr. 50,000
Party A/c Cr. 25,200
Bank A/c Cr. 24,800
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Tax on Amount transferred in HUF Account
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
