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



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 entrie..

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

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 entrie..

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

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 entrie..

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

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 entrie..

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

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 entrie..

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

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 entrie..

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

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 entrie..

Answer / ishwar singh

In the book of c
C' a/c dr
To A's a/c

Is This Answer Correct ?    1 Yes 10 No

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 entrie..

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

Post New Answer

More Accounting General Interview Questions

I post Optional Voucher in Tally.ERP in which there is deduction of TDS is applied. But when I convert this voucher as regular voucher the TDS entry have to make again why so

0 Answers   Vita,


journal entries

2 Answers  


Rent is direct income or indirect income

2 Answers  


Hai i have completed MBA in HR(major) And Marketing (minor). Now applying FInance if it possible please tell me

0 Answers  


how&when brs is prepared

5 Answers  






what is the meaning of revenue income and revenue expenditure

1 Answers  


Is electricity charges are direct or indirect expenses

5 Answers  


Tell me what is trial balance in accounting?

0 Answers  


What is Venture Capital ?

10 Answers  


Pls tell me the basic rules of accounts for interview in finanace or accounts section

0 Answers   Genpact, IBM,


x pay incentive to y with tds@10%.what is the journal entry in the books of x & y?

0 Answers  


Accounting periode is normaly one year, bot accounting periode is for 5 year is possible or not?plz list the name of organistaion whose accounting periode is 5 year

1 Answers  


Categories