Debit note

This query is : Resolved

Kesavan (Querist)
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20 March 2014 Hi Experts

Mr A company has payment made incurred for expenses behalf of Mr B company.

how to entry pass in journal and payment

thanks advance.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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20 March 2014 In the books of Mr A

Mr B A/c Dr
To Bank A/c
(Being paid to ..... on behalf of Mr B)

In the books of Mr B

Expense/Vendor A/c Dr
To Mr A
(Being payment made by Mr A)

Kesavan

Kesavan (Querist)
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20 March 2014 Hi Thank you Mr Siddhartha

your reply is valuable

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CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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21 March 2014 You are welcome. You should use the thanks button to convey your thanks.