Question

4.4-2005
Ms. Kapur rented an office space for Rs.2,500 per month on April
1. 2005. She paid the security deposit of Rs.25,000 by cheque.
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Answer 1

Answer:

Explanation:

1. No entry will be made for entering Rent Agreement, only the agreement will be kept in safe custody)

When amount of Rent received the entry will be

  Bank A/c Dr   2,500.00

    To Income A/c (Rent)   2,500.00

(Being rent received for the month of       )

Note every month as and when the cheque is received, and paid to Bank above  entry will be made)

2.  Security A/c Dr   25,000.00

       To Bank A/c             25,000.00

(being amount of security to        paid through Bank A/c)

Answer 2

Explanation:

accounting kaise kre isaka