If a paid to b rs.1000 on behalf of c what is the entries in
The books of a,b,c pls pass the entries
Answers were Sorted based on User's Feedback
Answer / navneet goyal
In books of A - C's A/C Dr. 1000
To cash A/C 1000
In books of B - Cash A/C Dr. 1000
To C's A/C 1000
In books of C - B's A/C Dr. 1000
To A's A/C 1000
Is This Answer Correct ? | 192 Yes | 41 No |
Answer / saurabh malik
In the books of A:
B A/c Dr. 1000
To Cash A/c 1000
(Being cash paid to B)
--------------------
C A/c Dr. 1000
To B A/c 1000
(Being paid to B on behalf of C)
--------------------
In the books of B:
Cash A/c Dr. 1000
To A A/c 1000
(Being cash received from A)
------------------------
A A/c Dr. 1000
To C A/c 1000
(Being paid by A on behalf of C)
------------------------
In the books of C:
B A/c Dr. 1000
To A A/c 1000
(Being B paid by A)
Is This Answer Correct ? | 52 Yes | 28 No |
Answer / shankar goshika
A books,
So.no Particular. Dr. Cr
1). B a/c 1000. -
To Cash 1000
2). Reclassification entry
C a/c. 1000.
To B 1000
3) Once A received payment from C
Cash a/c 1000
To C. 1000
B books,
1) cash a/c 1000
To A 1000
2). Reclassification entry.
A a/c 1000.
To C. 1000
C books,
1 B a/c 1000
To A. 1000
2) Once make the payment to A.
A a/c 1000
To Cash 1000
Is This Answer Correct ? | 18 Yes | 5 No |
Answer / balaraj d s
In books of A - C's A/C Dr. 1000
To cash A/C 1000
In books of B - Cash A/C Dr. 1000
To C's A/C 1000
In books of C - B's A/C Dr. 1000
To A's A/C 1000
Is This Answer Correct ? | 11 Yes | 3 No |
Answer / amit kumar das
Entry pass in A books
C A/c dr 1000
to cash cr 1000
cash paid to b behalf on c
receipt
Cash a/c dr 1000
to c A/c cr 1000
being cash received against payment ot b
in the books of b
cash A/c dr 1000
c A/c Cr 1000
in the books of c
B A/c dr 1000
A A/c cr 1000
being amount paid to b
payment
A A/c Dr 1000
cash a/c cr 1000
amout paid payment to b behalf of us
Is This Answer Correct ? | 7 Yes | 1 No |
Answer / jayesh eay
A is paying to B , on behalf of C.
Therefore in the books of A
1) B's a/c ....Dr ( Receiver)
To Cash/ Bank..cr ( Cash out )
2) Need to reclass the previous entry , because he is not paying for himself . He is paying on behalf of C. So it is like an advance to C., hence
Reclass journal
2) C's a/c .....Dr
To B's a/c......cr
In the books of B
1) Cash/ Bank .. A/c ........Dr
To A's. a/c.......,.............cr
( Being Cash received from A)
Again similarly B would also need to reclass as the payment is not from A, it is from C, hence
2) A's a/c ..........Dr
To C's a/ ...........Cr
In the books of C.
C's liability has reduced for B, ( As the payment was made ) similarly C's liability has increased towards A( As A paid is as an advance towards C)
Hence by the American Golden rule .
Liability increase .....Cr
Liability decrease Dr
1) B's .....a/c ..........Dr
To A's a/c .........cr
Thanks
.
Is This Answer Correct ? | 3 Yes | 1 No |
Answer / prathi
A is paying to B on behalf of C so the entry is
in books of A
B's A/C Dr. 1000 Expenses is Dr.
To Cash A/C Cr.1000 Cash is going out Cr.
( Being A paid to B)
in books of B
Cash A/C Dr. 1000 Cash is coming in Dr.
To A's A/C Cr. Cr. the giver
In books of C
A's A/C Dr. Expenses is Dr.
To Cash A/C Cr Cash is going out Cr. from
C's a/c
Is This Answer Correct ? | 19 Yes | 45 No |
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