Journal voucher
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 July 2014
I have two companies. A and B. Company A paid CST tax on behalf of company B. company B immediately wrote a check for the amount to company A for CST paid.
I need to know what will be the entry in the books of A and B for this transaction?
I need to know what will be the entry in the books of A and B for this transaction?
07 July 2014
it is like loan given n repaid.
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 July 2014
Is it possible for you to elaborate the entries please?
07 July 2014
in books of A:
1.Co b A/c ......dr
to bank a/c
2.when rec back from Co B:
Bank a/c.........dr
To Co A
in books of co B:
1.CST a/c........
To Co A:
2.When Paid to co A.
Co A .....dr
To Bank
1.Co b A/c ......dr
to bank a/c
2.when rec back from Co B:
Bank a/c.........dr
To Co A
in books of co B:
1.CST a/c........
To Co A:
2.When Paid to co A.
Co A .....dr
To Bank
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