Current asset received

A/c entries 206 views 2 replies
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Partner
143 Points Joined May 2015

Hello

I was suppose to receive rent of two months from somewhere. I didnt receive it so in the year 15-16, I showed in Balance Sheet as "Rent Receivable from Mr.X   Rs.yyy"

In the year 16-17 I have recd that rent from cash. How do I do the entry. I am using Tally for accounting. Plz help.

Shahid

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On 16 April 2017 at 19:48 Report
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for first entry show rent received  (book the entry for income for rent received)

party a/v  

     TO rent received    

 

socond entry for rent received 

cash /bank

     To party a/c 

 

in short first entry where u book income 

and second income where u received money for that 

in accounts basics  should be very important 

 

 

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On 16 April 2017 at 20:36
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Partner
143 Points Joined May 2015

thanks for the help.

 

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On 20 April 2017 at 12:13


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