A has to pay to B Rs. 10000 but C pay pay Rs. 10000 to B on
behalf of A. What will be the journal entry in all the three
persons.

Answer Posted / sandip shelke

In the Book of C
A's Account Dr
To Bank/Cash A/c
(being Amount paid to A for payment of B Amount)

In the Book of B
Bank/Cash A/c Dr
To A's Account
(Being Amount Received from A )

In the Book of A
B's Account Dr
To C's Account
(Being Amount Received from C and Paid to B Behalf of A)

Is This Answer Correct ?    24 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what are the basic elements to prepare a quarterly information system and how to calculate that items?

1371


What is Provision Entry

1174


When Tds is applicable to deduct and wht is rate for different work panel?

1481


whether sale and purhases of cf agent are his and he is liablte to pay VAT on sale of goods and pay the tax to govt collected by him one more being receiving commission of saleproceed during the year whose stock would be it it is of c f agent or principal manufctrurer who has send the goods to sold on his behalf

1368


What is general entries for Deffered Tax?

2301






how to calculate ESI,PF,PRO.TAX, INCOME TAX, VAT, T.D.S, EXCISE PLEASE SAY ANSWER IN DETAIL WITH PROPER UNDERSTANDING PLEASE SAY THROUGH WITH EXAMPLE

1983


Contrast bookkeeping and accounting

610


Was there a time when you lost the chance to engage a prospect? What happened and what did you learn?

673


Explain the term account payable?

595


How do I record a prior year property tax refund on sale of asset due to overvaluation

982


how to prepare for accontant examinations

1630


what are the main important accounting entries for AP and AR ...

989


What is the objective of the balance sheet?

618


Hello friends, I want to sk that Is computer proficiency certificate necessary at the time of SBI clerk Interview?and all other guys who have cleared the nov 2009 exam and have got the bio data form please give replies,,, waiting for replies ,thank you.

1705


What is an operative accounts?

633