269T and 271E

Suresh Kumar (student) (42 Points)

23 June 2017  
A ltd is the Company

It has receivable of Rs.10 lakhs from Mr.B. AND

It has payable to Mr.C of Rs.10 lakhs

Can it pass an entry:
Mr.C account debit
To Mr.B account ????

does 269T and 271E get attracted?