CA B.Com (H)
954 Points
Joined March 2012
1. At the time of sale your accounting entry would be:
ABC will become your Debtor.
ABC A/c ..Dr
To Sales A/c
(Being sales made to ABC on credit)
2. At the time of receiving payment
Bank A/c ...Dr.
To ABC A/c
(Being payment received from ABC)
The beneficiary who is depositing in your bank is not relevant.
Thus, you can proceed with your arrangement.