Suppose, there are three parties-
1.A
2.B
3.C
'A' makes a sale invoice against 'B'.
'B' did payment against that invoice to another party e.g. 'C'
then 'C' return that payment to 'A'.
Now the question is arise that how they will show this transaction in their accounting books?
Menu
Adjustment of payment entry
Replies (5)
yes...because owner of both company (a & c) is one person
@ somil ji this ques is related consignee and consignor
In the books of A In the books of B In the books of C
B a/c Purchases Bank
to Sales to A a/c to B a/c
Bank C a/c A a/c
to C a/c to Bank/Cask to Bank
Hop u got he answer
yes...thank a lot all of you..
Recent Threads
- GST RCM GTA
- TDS Challan interst amount wrongly paid as surchar
- Query on TDS & Stamp Duty
- Query on form 26QB and TDS deduction
- Received this confusing IT notice. How to reply
- Houston Sign Company For Custom Signs, Banners &am
- Refund due to change in GST Rate Tobacco Products
- Lease related query can we rent out lease ?
- Planning of Ceased a Business i.e Closure of Compa
- Property value in 26QB
Related Threads
CAclubindia
