What will be the entry for security deposits paid for rented house?

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Next Question:
If accidentally your Boss starts living in front of your rented house/apartment ...
Posted by:
Muhammad Qasim
10-September-2014

House taken on11 months legal agreement.

Journal Entries

Question added by Mahendra Mahajan , Analyst , Infosys
Date Posted: 2015/08/01

Upvote (0) Views (15) Followers (1) Answers (1) Report Question

Write an Answer
Register now or log in to answer.

1 Answers

Zuhaib Iqbal Qadri

by Zuhaib Iqbal Qadri , Accountant , Auto Z Automotive Group

Security Deposit (dr.)

Cash/Bank (cr.)

For Landloard ;

Cash/Bank (dr.)

Liability (cr.)

Downvote Reply () Report

Popular Searches

Engineers Jobs Software Engineer Jobs Sales Executive Jobs Operations Executive Jobs Architect Jobs

Write Your Answer

More Questions Like This

What should be the accounting treatment for security deposit PDC kept with Landlord for the span of the rental agreement of accommodation?
Top Answer: In case the PDC wont be deposited, two control Accounts will be created for such cases Dr.Intermediate PD ... See More

Answers (2)
How is the entry of someone paid cheque for future date ( entry of now and maturity date?)
Top Answer: Payable will Debits your liability account Credits your Cash Account See More

Answers (1)
If a business has paid rent of $1000 for the year to 31 March 2009. what is the prepayment in the account for the year to 31 December 2008?
Top Answer: Option B is the right answer. See More

Answers (8)
Monthly Rent Rs. 1000 due but not paid. what will be Credited?
Top Answer: Accured rent liability.....................,,,, See More

Answers (22)

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.