Page 51 - 23. COMPILER QB - IND AS 109_32

Journal entries for Year 1-5 For – Year 1
Particulars Amount Amount

Security deposit A/c Dr. 1,36,183
To Interest income 1,36,183
Lease expense (8,65,146 /5 years) Dr. 1,73,029

To Prepaid lease expenses 1,73,029
For – Year 2
Particulars Amount Amount

Security deposit A/c Dr. 1,52,524
To Interest income 1,52,524
Lease expense (8,65,146 /5 years) Dr. 1,73,029

To Prepaid lease expenses 1,73,029
For – Year 3
Particulars Amount Amount

Security deposit A/c Dr. 1,70,827
To Interest income 1,70,827
Lease expense (8,65,146 /5years) Dr. 1,73,029

To Prepaid lease expenses 1,73,029

For – Year 4

Particulars Amount Amount
Security deposit A/c Dr. 1,91,327
To Interest income 1,91,327

Lease expense (8,65,146 /5years) Dr. 1,73,029
To Prepaid lease expenses 1,73,029

For-Year 5
Particulars Amount Amount
Security deposit A/c Dr. 2,14,685
To Interest income 2,14,685

Lease expense (8,65,146 /5years) Dr. 1,73,030
To Prepaid lease expenses 1,73,030

th
Journal entry for realisation of security deposit at the end of 5 year
Particulars Amount Amount
Bank A/c Dr. 20,00,000

To Security deposit Ac 20,00,000

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