Suppose, there are three parties-
1.A
2.B
3.C
'A' makes a sale invoice against 'B'.
'B' did payment against that invoice to another party e.g. 'C'
then 'C' return that payment to 'A'.
Now the question is arise that how they will show this transaction in their accounting books?
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Adjustment of payment entry
Replies (5)
yes...because owner of both company (a & c) is one person
@ somil ji this ques is related consignee and consignor
In the books of A In the books of B In the books of C
B a/c Purchases Bank
to Sales to A a/c to B a/c
Bank C a/c A a/c
to C a/c to Bank/Cask to Bank
Hop u got he answer
yes...thank a lot all of you..
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