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What is the Journal entry if a Demand Draft is taken by
Company B on behalf of Company A? Company B has it's A/c
with Bank X. Company A has it's A/c with Bank Y.
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Answer Posted / naresh
1.A DD taken by company B & has a account in X Bank
2.that DD goes to company A & company A having it's account
in Y Bank. Jurnal Entry Shoud be like
Company B: Bank (x) Company A
CR DR
Company A: Bank (Y) Company B
DR CR
| Is This Answer Correct ? | 8 Yes | 4 No |
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