Accounting entries of rental income of property companies

1. When the property management company obtains rental income, the accounting entries are:

Debit: bank deposit (or cash on hand and other subjects)

Loan: main business income (or other business income subjects)

Taxes payable-VAT payable (output tax)

2. The ending profit is carried forward to this year, and the accounting entries are:

Debit: main business income (or other business income subjects)

Loan: profit this year

The rental income obtained by the property company shall be accounted for by the subject of "main business income" or "other business income" and carried forward by the subject of "profit this year" at the end of the period. The subject of "main business income" is used to calculate the income generated by enterprises in their daily activities such as selling goods and providing services. "Other business income" accounts for other sales or other business income of the enterprise except the main business income, such as material sales, purchase and sale, packaging rental and other income.