Old co changed into new name

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 March 2012 when Ms.dev issued cheque to Mn co (old co)& deposited in current ac then Mn co is transferred the same amt to its loan account ( Loan account bearing the new co).

old co has just chaNGED THE NAME.

Above transaction is in pursuant to purchase the charged property after receiving the noc certificatet from the bank.

Fro the accounting prospect how to record this tn in the books of Mr.Dev?

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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22 March 2012 Very simple pass a journ entry by creding the old company and debiting the new company in the books of Mr. Dev

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