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Rams due of Rs 32500/- was settled thru adjustment of
security deposit Rs 12000/-and the balance in cash.pass
necessary entry
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Answer / haritha
Security Deposit A/c Dr 12000
cash A/c Dr 20500
To Ram A/c 32500
| Is This Answer Correct ? | 39 Yes | 3 No |
Answer / saif
security a/c dr 12000
cash a/c dr 20500
To Rama a/c 32500
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / vijayaraghavan
Cash A/c Dr 20500
Security Deposit Dr 12000
To Rams A/c 32500
(the Security Deposit is Liability for us, We receive
already its shown in Balance sheet side Current Liabilities)
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / sachin
Considering Ram as Creditor in Balanceshit of our
organiastion & Security deposit with him as unadjusted
asset showing in the asset side of our balanceshit,
following entry should get posted.
Rams A/c Dr 32500 (Nulify the Credit balance of RAm)
To Security Deposit A/c 12000 (Nulify the SD Asset)
To Cash A/c 20500 (Reduce the balance of Cash)
In the books of Ram the entry will be
Cash A/c Dr 20500
Security Deposit Dr 12000
To XXX org (Our company) 32500
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / subramanyam
Hi All
we received security deposit from out customer 18000/-
every month raising the invoice and send to the customer he
clear the invoice through cheque/cash. the agreement is
expiry so we paid security deposit to customer 18000/ but we
did not received the rent in last month .
how to make entry of security deposit adjusted in rent .
please send the correct entry.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / amit
CASH A/C. DR. 32500/-
TO SECURITY DEPOSIT A/C. 12000/-
TO RAM A/C. 20500/-
| Is This Answer Correct ? | 4 Yes | 25 No |
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