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Please let me know the journal entry for the below.
"A" paid Rs.100 to "C" on behalf of "B"
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Answer / keyul gandhi
In the Books of A
B A/c Dr. 100
To, Cash 100
(C is just a third party, Receiving the money on hehalf of
B. As in the books of A there is no out standing against C
but it is against B)
In the Books of C
Cash A/c Dr. 100
To, B A/c
(In ths books of C it must be receivable from B, so B must
have said to A, that the money which you owe to me please
pay directly to C
In the books of B
C A/c Dr. 100
To A A/c 100
(paid by A to C)
| Is This Answer Correct ? | 44 Yes | 2 No |
Answer / satyaki_raju@yahoo.com
B a/c dr 100
To cash a/c 100
(Being paid to C on behalf of B)
As per the instructions we paid to c we need not debit C in
our books of accounts
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / madhusudan chauhan
in "A" BOOKS
'B' A/C DR.
TO CASH A/C
(AMOUNT PAID TO 'C' ON INSTRUCTION OF 'B')=SHORT NARATION
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / rohit ajay
B's A/c DR. 100
TO CASH A/C 100
(BEING CASH GIVEN TO "C" ON BEHALF OF "B")
| Is This Answer Correct ? | 1 Yes | 0 No |
than the entry will be
B a/c Dr for Rs 100/-
And C a/c Cr for Rs 100/-
because you are asking for journal entry according to this
journal entry the liabilities of party b has been end and
the liabilities of c has been arise than now we can pay
C a/c Dr 100/-
Cash 100/-
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / rahul dixit
although C is also involved in this transactions,however
it`s not going to make any difference in this particular
transaction.refrence of C can be given in narrations while
passing such entry.
B Dr. 100
To Cash 100
(being rs.100 paid to C on behalf of B)
another way of dealing this transaction is as following..
(1) C Dr. 100
To cash 100
(2) B Dr. 100
To C 100
the ultimate effect is
B Dr. 100
To cash 100
| Is This Answer Correct ? | 0 Yes | 1 No |
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