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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 / anil kumar tomer
in the books of A
B A/C DR 100
TO BANK /CASH A/C
(BEING THE AMT PAID TO C ON BEHALF OF B)
IN THE BOOKS OF B
C A/C DR 100
TO A A/C CR 100
(BEING THE AMT IS PAID TO C BY A)
in the books of c
bank / cash a/c dr 100
to b a/c cr 100
(being the amt is received from a on behalf of b)
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