Dear sir, how to book rent due in tally and the other entry when recd.
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Rent due Accounting
Replies (2)
- If it is Rent Expenses
Due Entry
Rent Account Dr
To Party Account
At the time of Payment
Party Account -----------------dr
To Cash/Bank
- If it is Rental Income
Due entry
Party Account……Dr
To Rent Account ( Income)
At the time of Payment
Bank / Cash Account ------ Dr
To Party Account
If you want to book monthly exp then
Rent a/c Dr
to o/s rent a/c
at the time of payment
o/s rent a/c Dr
To bank a/c
Rent a/c Dr
to o/s rent a/c
at the time of payment
o/s rent a/c Dr
To bank a/c
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