If a paid to b rs.1000 on behalf of c what is the entries in
The books of a,b,c pls pass the entries
Answer Posted / shankar goshika
A books,
So.no Particular. Dr. Cr
1). B a/c 1000. -
To Cash 1000
2). Reclassification entry
C a/c. 1000.
To B 1000
3) Once A received payment from C
Cash a/c 1000
To C. 1000
B books,
1) cash a/c 1000
To A 1000
2). Reclassification entry.
A a/c 1000.
To C. 1000
C books,
1 B a/c 1000
To A. 1000
2) Once make the payment to A.
A a/c 1000
To Cash 1000
Is This Answer Correct ? | 18 Yes | 5 No |
Post New Answer View All Answers
HELLO FRIENDS I WANTED TO THAT IS DUPLICATE KEY MAKING CHARGE IS UNDER THE HEAD OF GENERAL EXPENSES
How do you classify errors in accounting?
I want to know accounting information in oracle apps projects costing module. i.e Which account is cr and which account db. Please help me.
What do you mean by material facts in accounting?
HOW WE MAKE A RESERVE AND AFTER ITS USE HOW WE NIL IT PLEASE MAKE A PROPER ENTRY.
total assets are equal to total liabilities in final accounts ?why?
Where the financial accounting fails the cost accounting for is rescue but still there are some limitations deficiencies in the system?
what is the procedure to appoint an Austrlian citzen as indian company director...
how to pass journal entries for reverse tax on input tax paid
1. The following data is available. Determine the Break Even point in Sales: Sales : $1,800,000/- Fixed Expenses : $ 375,000/- Variable Expenses : $ 1,200,000/-
what is contribution? how does it help in taking managerial decisions?
What is the difference between consigner and consignee?
why you want to lecturer
How do you prepare a balance sheet from a trial balance?
under which ledger should i make opening work in progess and closing work in progress