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
Answer Posted / saurabh malik
In the books of A:
B A/c Dr. 1000
To Cash A/c 1000
(Being cash paid to B)
--------------------
C A/c Dr. 1000
To B A/c 1000
(Being paid to B on behalf of C)
--------------------
In the books of B:
Cash A/c Dr. 1000
To A A/c 1000
(Being cash received from A)
------------------------
A A/c Dr. 1000
To C A/c 1000
(Being paid by A on behalf of C)
------------------------
In the books of C:
B A/c Dr. 1000
To A A/c 1000
(Being B paid by A)
| Is This Answer Correct ? | 55 Yes | 28 No |
Post New Answer View All Answers
sir i am working in construction company.we have more than one projects.i enter the attendance projectwise in payroll.if payroll autofill i want project wise salaries not overall
What is the difference in accounting and marketing?
How can pass reverse entry to close the account. If the Asset sides is greater then liabilities side and vice versa, then what can I do.
Explain me do you think accounting standards are mandatory and why?
What do you debit and credit if discount allowed is underrated?
Revenue Expenditure
What do you know about this position?
the bank returned S meyer cheque for R450. the cheque has been dishounerd because of insufficient funds, discount of R50 was allowed the account was settled
If a consultant charged his fee n receive so can i pass the journal entry n how i can i maintain bal sheet
List of Indian accounting standards and international financial reporting standards
A motor car purchased on 1 apr 10 worth rs 10000 taking a loan from bank of rs 8000. Emi will b 500 pm inclusive of interest rs 100 pm.all repayments are done by bank overdraft. Prepase bshEet & P&L as at 31 mar 10
What is the limitaion of the Trial Balance?!
what is basic general accounting.
what is the impact of bank garantee of rs 100000 on cash flow statement which has been expired...& impact on bank reconcilation statement
what do you mean by Firm