Bank entry

This query is : Resolved

prakash (Querist)
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26 February 2015 sir, humlog ka do company hai dono company ka alag alag bank account hai agar pehli company mein dusri company sey fund transfer hota hai toh kya tally mein receving dikhaney key liye pehli wali company mein naya bank ledger create karna hoga ??

Nikhilkumar Bakliwal

Nikhilkumar Bakliwal (Expert)
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27 February 2015 No.

Journal entries can be passed.

Eg.
If amount is received by Company A from Company B, then entry in the books of Company A will be
Bank account(of campany A) Dr.
To Company B.

and entry in the books of company B will be
Company A A/c Dr.
To Bank Account (of Company B)