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 / amit kumar das
Entry pass in A books
C A/c dr 1000
to cash cr 1000
cash paid to b behalf on c
receipt
Cash a/c dr 1000
to c A/c cr 1000
being cash received against payment ot b
in the books of b
cash A/c dr 1000
c A/c Cr 1000
in the books of c
B A/c dr 1000
A A/c cr 1000
being amount paid to b
payment
A A/c Dr 1000
cash a/c cr 1000
amout paid payment to b behalf of us
| Is This Answer Correct ? | 7 Yes | 1 No |
Post New Answer View All Answers
Tell me what is tally accounting?
Define balancing in accounting?
Proprietor paid amount of Rs. 11060/- for car insurance. Pass Journal.
Pl's confirm me this entry how to pass in Tally 9.0 & Tally ERP.9 that if I purchase 20 mobile,30 phone,20 LCD,15 laptop from mangesh @ Rs.7000,Rs.200,Rs.17000 and Rs.14000 respectively on each. But I purchase by cash and 15 days later I sold half of the thing to priya margin of Rs.100 on each by cheque and rest i sold to minal on cash margin of Rs.200 on each. But I received cash 1 month later. so calculate how much profit I got by selling the products.
what is the impact of bank garantee of rs 100000 on cash flow statement which has been expired...& impact on bank reconcilation statement
Detail your responsibilities in accounts receivable
There are two Business areas 1100 and 1200. I need to pick 1200 b.areaonly While enter the transaction? could any one please post the answer for this.
How to calculate Term Loan interest and the double entry for Term Loan ? What difference between hire purchase and term loan ??
What is ppe in accounting?
how to assign the cost center to GL Account in SAP (FICO)
Mr. A purchased a machinery costing Rs. 1,00,000 on 1st October, 2005. Transportation and installation charges were incurred amounting Rs. 10,000 and Rs. 4,000 respectively. Dismantling charges of the old machine in place of which new machine was purchased amounted Rs. 10,000. Market value of the machine was estimated at Rs. 1,20,000 on 31st March 2006. While finalising the annual accounts, A values the machinery at Rs. 1,20,000 in his books. Which of the following concepts was violated by A? (a) Cost concept (b) Matching concept (c) Realisation concept (d) Periodicity concept.
What is Provision Entry
Can we Put "TAX INVOICE" in the sale in Transit (E1) Invoice.
what is ment by suspence account and dummy account
Payment Blocks . What is "A" and "R" Blocks in Account payables.. ??