Please let me know the journal entry for the below.
"A" paid Rs.100 to "C" on behalf of "B"
- 7 Answers
- 19527 Views
- I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
what is span of shares
EXPAND___________INMA
Expand SCERT
what is the organisation chart for accounting and finance ?
when assessing the credit proposal of a prospective borrower if he gets internal rating below the hurdle rate what will you suggest as a banker
someone plz plz plzz.. send me the sample papers for SBI clerical xams... i need it very badly..
How Can Pass Credit Limit Entry If We Take Limit Of BANK I Maintain Of Account In Tally.ERP9 Than We Create Bank Ledger of Which Under
how many types of financial teribuanal? what is that?
What is Compliance?
what is the process of excise duty?
What does stand for EPD,MIS? Can anyone tell me briefly n clearly about this?
what is cc limit and what role accountant play to maintain it?
What are the general Ledgers?
what is finance what is bpo why do u want join a BPO types of process in BPO Company's
Short Answer on ______Transaction
