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How to show payment

12 February 2024

Suppose B is the buyer and A is the seller. B again sells it to C. But C makes payment to A instead of B. How to adjust is in the accounts of B

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9 Replies

sabyasachi mukherjee (27574 Points)
Replied 12 February 2024

Which payment???

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 12 February 2024

For adjustment purpose You can provide JV as below;

Purchase from A
Dr. Purchase a/c - XXXX
Cr. A a/c - XXXX

Sales to C
Dr . C a/c - XXXX
Cr. Sales a/c - XXXX

Journal Voucher for adjustment
Dr. A a/c - XXXX
Cr. C a/c - XXXX

Note:
For adjustment purpose these JV is possible...

But, As per accounting it's not advisable..

1 Like

sabyasachi mukherjee (27574 Points)
Replied 12 February 2024

Sundry creditors
expense head dr.
name of the party cr.

bank credit.

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 12 February 2024

😇😇😇😇😇😇😇😇😇

Then Why You ask "Which payment???"...???
@ My Dear Great Mr Sabyasachi Mukherjee...

🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 12 February 2024

Pass journal entry as said by Raja PM.

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sabyasachi mukherjee (27574 Points)
Replied 13 February 2024

Wrong jv
put the narration.

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 13 February 2024

You are Always Wrong...
&
You are Totally Wrong...

sabyasachi mukherjee (27574 Points)
Replied 18 February 2024

Becoz you can read the heading lol

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 18 February 2024

Hey Muttaal,

Now You put Your extraordinary replies in old queries also .

only for points.
being top of the leader board...

There is also a member in top...

So, You can't reach there...

Stupid