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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 / shankar goshika
A books,
So.no Particular. Dr. Cr
1). B a/c 1000. -
To Cash 1000
2). Reclassification entry
C a/c. 1000.
To B 1000
3) Once A received payment from C
Cash a/c 1000
To C. 1000
B books,
1) cash a/c 1000
To A 1000
2). Reclassification entry.
A a/c 1000.
To C. 1000
C books,
1 B a/c 1000
To A. 1000
2) Once make the payment to A.
A a/c 1000
To Cash 1000
| Is This Answer Correct ? | 19 Yes | 5 No |
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