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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 Posted / 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
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