Journal entry

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Sachin Kumar

Sachin Kumar (Querist)
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26 April 2014 Cheque paid to Prerna fabricator rs 25000

CA Devanand Jethanandani

CA Devanand Jethanandani (Expert)
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26 April 2014 Hi Sachin,

Entry,

Prerna Fabricator Dr. 25,000
To Bank Cr.25,000

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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26 April 2014 Entry suggested by learned expert is correct.

In addition the reason of payment is also important. If Its paid towards any expenses then there will be 1 more entry....

Expenses A/c Dr ....
To Prerna fabricators A/c
To TDS payable A/c (If TDS attracted)

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