Question

Paid landlord rs 1500 for rent one third of premises is occupied by the proprietor by its own resident

Answer 1

Answer:

In the books of journal entry

particulars amount amount

Landlord A/C Dr. 1000

To, cash A/C 10000

[ being rent received for

Rs. 1000 ]

landlord A/C Dr. 500

To, proprietor A/C 500

[ being rent gives for

proprietor's own residence ]

workings;-

Total rent = 1500

then 1/3 of the rent is 1500 * 1/3

so rent from letting out portion is (1500-500) = 1000