How entry will be pass?.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 January 2014 If i (A Ltd) have paid product permission charges ( B Ltd.) on behalf of party (C Ltd) then what entry will be pass?

CS,CA F,Numrologi TusharSampat (Expert)
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13 January 2014 C ltd A/c...dr (as receivable from c)
to Bank a/c (cash outflow)

@VaibhavJ (Expert)
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13 January 2014 Hi

It is as good as loan to party C & entry to be recorded accordingly.

Thanks

CS,CA F,Numrologi TusharSampat (Expert)
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13 January 2014 Further when u recollect from C reverse the above entry.

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