If a paid to b rs.1000 on behalf of c what is the entries in
The books of a,b,c pls pass the entries
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Answer Posted / prathi
A is paying to B on behalf of C so the entry is
in books of A
B's A/C Dr. 1000 Expenses is Dr.
To Cash A/C Cr.1000 Cash is going out Cr.
( Being A paid to B)
in books of B
Cash A/C Dr. 1000 Cash is coming in Dr.
To A's A/C Cr. Cr. the giver
In books of C
A's A/C Dr. Expenses is Dr.
To Cash A/C Cr Cash is going out Cr. from
C's a/c
| Is This Answer Correct ? | 19 Yes | 46 No |
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