Urgent

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) Luxuary Tax - 16000

what is the journal entry for the above mentioned transaction. Plese ensure the following entry is correct or otherwise please suggest the correct method of accounting  -

Journal voucher   Cash Dr 132000

                          Rent received Cr 102000

                           Service Tax - 14000

                           Luxuary tax - 16000

is this entry pass through Journal voucher or Receipt voucher

Please help it is urgent .......... and pls suggest the correct accounting treatment

1 if the amount is received by cash

2. if the amount is received by bank

 

Replies (1)
receipt it's
what do u exactly mean by accounting treatment

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