Share of investment

In the Books of B Company

Dr A Company

Cr Bank A/c

1/3 share of project paid to A

in the books of A Company

Dr Bank A/c

Cr B Company

Dr Charity Project a/c

Cr bank

if it is investment thn following entry will be passed...

in books of A

Invetment In Charity Project A/c Dr.

         to Bank/ B's Account

in books of B

Bank/ A's A/c Dr.

          to Investment in Charity Project

and if i haven't understood ur que. properly then please elaborate it...

i'll surely reply..