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Inter company transcation
What is the journal entry for inter company transaction?
Ex: A and B are inter companies, A pays rent to landlord on behalf of B.
Please provide the entry.
Replies (2)
Debit rent and credit A (due entry) on payment debit A and credit bank ac.
In the books of B
Rent A/c Dr
To A
(Being rent paid through A)
In the books of A
B Dr
To Bank/Cash A/c
(Being rent paid on behalf of B)
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