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Received a cheque of Rs 75000/- from Kirthi traders on
behalf of anurag traders for material supply
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Answer Posted / satyaki_raju@yahoo.com
Mr Bhardwaj I think you didnt understand the question put
by me well.You received cheque from kirthi traders.But
kirthi traders is not your customer. I will explain the
question once again pl understand
Anurag traders is your distributor. As per the routing
instructions given by him you supplied materials to
Kirthi,Kirthi as per the instructions of Anurag Traders
sent a cheque to you.Then the entry will be
Bank a/c dr 75000/-
To Anurag traders 75000/-
(Being cheque recd thru Kirthi traders)
Your answer unnecessarilly created a credit in the name of
Kirthi traders which canot be closed.
Your journalisation is no way correct
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| Is This Answer Correct ? | 12 Yes | 1 No |
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