how to give the jv for the following transation eg',Our
Comapny Name U2
1.cheque recd from customers of Associate Comapany (U1
Ltd):575 on U2(Our company Name).we deposited that cheque
in our bank a/c.
2.U1 debited U2 for 575/- passing 1 jv like
Due from U2(Our comapnY) dr 575
To collection from Customers cr 575.
now how can I recognise both entries and how can i
reconsile my BRS...
This Receipt is not belongs to U2
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Answer Posted / ravinder shankhyan
In the Books of U1 Ltd. entry is only one :[in Journal )
U2 Ltd. dr. 575.00
To Customers A/c 575.00
( Ch. no ***** Rec. on behalf of us by U2 Ltd.)
In the Boosk of U2 Ltd. Entry is ( in Bank A/c)
bank A/c Dr. 575.00
To U1 Ltd. 575.00
Narration is (amount Rec,on behalf of U1 Ltd.Company
Customer)
Ravinder Shankhyan HP
| Is This Answer Correct ? | 4 Yes | 1 No |
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