Trainee (Accounts Executive) (325 Points)
27 April 2014
Vishal Gupta
(CA)
(59 Points)
Replied 27 April 2014
In the books of A & Co. Noida:-
Stationery A/c Dr. 10,000
To B & Co. A/c 10,000
(Being stationery purchased from B & Co.)
B & Co. A/c Dr. 10,000
To Head Office Adjustment A/c 10,000
(Being payment to B & Co. directly made by Head Office)
In the books of A & Co. Delhi:-
B & Co. A/c Dr. 10,000
To Bank 10,000
(Being payment made to B & Co. for branch stationery)
Noida Branch Adjustment A/c Dr. 10,000
To B & Co. 10,000
(Being debit made to noida branch a/c)
In the books of B & Co.:-
A & Co. Noida Dr. 10,000
To Sales 9,500
To VAT payable(assumption) 500
(Being Sales made to A & Co.)
Bank A/c Dr. 10,000
To A & Co. Delhi 10,000
(Being payment received)
A & Co. Delhi Dr. 10,000
To A & Co. Noida 10,000
CAclubindia
