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accounting

15 May 2019

we have one creditor to which we payable 100000 but to another creditor we have paid the 50000.. now we have to adjust the 50000 against the creditor to which we are payable 100000.. how we will make the accounting through journal voucher

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4 Replies

RAJA P M ("Do the Right Thing...!!!") (127133 Points)
Replied 15 May 2019

What is the relation to both Creditors...?
Why you will journal the payment A 2 B...?

pranali chavan (9 Points)
Replied 15 May 2019

we give services of digitization of documents the same work we have outsourced to creditor A for which we pay to him . we have taken scanners on rent from creditor B the rent amt paid by us seperately to creditor B hence the rent amount we want to deduct from oustanding of creditor A and payable him net amt 50000

RAJA P M ("Do the Right Thing...!!!") (127133 Points)
Replied 15 May 2019

Originally posted by : pranali chavan
	we give services of digitization of documents the same work we have outsourced to creditor A for which we pay to him . we have taken scanners on rent from creditor B the rent amt paid by us seperately to creditor B hence the rent amount we want to deduct from oustanding of creditor A and payable him net amt 50000

I am not understand Your query and it's any of the nature in Your Books. Right...?!

Both are Creditors or not....?

Both values are Credit value or Debit & Credit...?

RAJA P M ("Do the Right Thing...!!!") (127133 Points)
Replied 15 May 2019

Originally posted by : pranali chavan
	we have one creditor to which we payable 100000 but to another creditor we have paid the 50000.. now we have to adjust the 50000 against the creditor to which we are payable 100000.. how we will make the accounting through journal voucher

But, Journal Entry can be post as following

Dr. Creditor - Rs. 50000 (who is you paid first 50000)

Cr. Creditor B - Rs. 50000 (Who is not paid by You but adjust through Journal)