Please let me know the journal entry for the below.
"A" paid Rs.100 to "C" on behalf of "B"
- 7 Answers
- 19525 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
what is the meaning of empairment asset
2 Answers Capital IQ, IBM, Quazi Enterprises,
Expand------CCEA
what z inflation? asked on 30/7/09
Expand ________ABAP
what do you mean by Line item display?
send me bank exams solved question paper
what are share warrants?
What is mean by Tab Group in MS-Excel?
A cheque of Rs 65000/- received from aruna traders dishoured
hi, im an MBA FINANCE FRESHER, wht are the career opportunities at BPO's for me bcoz may ppl say that starting up a career in BPO does not have any weighted or does not fetch any good experience, so kindly advice me on this plz..
1.What are the basic accounting Standards ?? 2.What is the main importance of Bank Reconcilation Statement? 3. What is Form 407 in Vat ??
what is book profit
Audit 
