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Hello, I am Keith, one of the experts on Just Answer, and pleased to be able to help you with your question.
Certainly; in your books of account you would post as follows (assume the rental to be 5K):
Debit Cash/Bank 5K, Credit Rents Received 1K, Creditors 4K. Then each year following you would Debit Creditors 1K and Credit Rents 1K. Simple, as the Merkaat in the TV advert would say. Then for each year you would be declaring 1K of rental income.
I do hope that you have found my reply of assistance.
Thank you for your support.