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Auditorium
M/s X is an Auditorium - Major income for M/s. X is Rent Received from customers. I had doubt regarding the journal entry pass for Receiving Rental income. The details as follows.
(1) Total Cash/Bank received Rs.132000
(2) Rent received - Rs,102000
(3) Service Tax – 14000
(4) Luxury Tax - 16000 what is the journal entry for the above mentioned transaction
Replies (3)
Cash A/c Dr. 1,32,000
To Rent A/c 1,02,000
To Service tax payable A/c 14,000
To Luxury tax payable A/c 16,000
IS THE ENTRY IS TO BE PASSED IN JOURNAL VOUCHER OR RECEIPT VOUCHER ???
Receipt voucher
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