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Accounting Entry

09 February 2020

Mera A or B Firm Hai ek mera aur ek meri wife ke nam pr dono bhi gst registration kiya gaya hai
mera question hai ki maine A firm se X party ko sale kiya hai but usine B firm ke Bank account pe paise transfer kiya hai ye entry mujhe kaise krni hogi ?

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5 Replies

RAJA P M ("Do the Right Thing...!!!") (127177 Points)
Replied 09 February 2020

Can You ask with English...?!

If You will asking with english then I'll try to solve the query as per my knowledge...!

prasad Nilugal (3914 Points)
Replied 09 February 2020

Ask in English

2 Like

sujith kumar dasa (banglore) (1496 Points)
Replied 09 February 2020

Hi vinod,

You can ask vendor retransfer to your bank account instead of your wife bank account or else transfer the amount from your wife account to your account and adjust against receivable from the respective customer who has paid the amount mistakenly to your wife instead of you.

Vinod Madig (91 Points)
Replied 09 February 2020

Question ?
A Or B Firm is different owner then what happen A firm sale goods to x customer but x customer transfer payment to B firm bank account then how to accounting in my side ? Both firm using busy software .

Dipesh Jha (PRACTICE ) (673 Points)
Replied 09 February 2020

In your book
B firm---Debit
To X Account

In the Book of B
Bank ---Debit
To A Firm Account

After transferring the amount from B firm to A Firm

In the books of A

Bank-Debit
To B Firm Account

In the books of B

A Firm -Debit
To Bank Account