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 / 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 |
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