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?
13 January 2014
C ltd A/c...dr (as receivable from c)
to Bank a/c (cash outflow)
to Bank a/c (cash outflow)
13 January 2014
Hi
It is as good as loan to party C & entry to be recorded accordingly.
Thanks
It is as good as loan to party C & entry to be recorded accordingly.
Thanks
13 January 2014
Further when u recollect from C reverse the above entry.
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