Rams due of Rs 32500/- was settled thru adjustment of security deposit Rs 1200

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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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Rams due of Rs 32500/- was settled thru adjustment of security deposit Rs 12000/-and the balance i..

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

Rams due of Rs 32500/- was settled thru adjustment of security deposit Rs 12000/-and the balance i..

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

Rams due of Rs 32500/- was settled thru adjustment of security deposit Rs 12000/-and the balance i..

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

Rams due of Rs 32500/- was settled thru adjustment of security deposit Rs 12000/-and the balance i..

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

Rams due of Rs 32500/- was settled thru adjustment of security deposit Rs 12000/-and the balance i..

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

Rams due of Rs 32500/- was settled thru adjustment of security deposit Rs 12000/-and the balance i..

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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