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Rent due Accounting

Others 325 views 2 replies

Dear sir, how to book rent due in tally and the other entry when recd. 

Replies (2)
  1. If it is Rent Expenses  

Due Entry

Rent Account      Dr

  To Party Account

At the time of Payment

Party Account -----------------dr

To Cash/Bank

 

  1.  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


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