Entry in tally of third party payement made

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Can any one help me by giving the entry details of third party payement, i will give you the details of that as follows

1) suppose if i am having business of construction  i am having two firms 1st firm name "ABC developers" & 2 nd firm name "xyz developers, if i have taken a loan in firm abc developer from reliance capital of Rs 50 lacs, and paying  installment temproary from firm XYZ developers of Rs 1,50,000 and then after 10 days i am reciving that amount of loan paid to reliance cpatial from ABC developers {which i have paid on behalf of that firm} so while doing the entry in tally i just wanted to know the entry posting

While posting entry in XYZ Developers Books----

i)   In ledger under what head i must create reliance capital ?

ii)  What is the entry of payement to reliance capital  ?

iii) what is the entry of reciving that amount from the firm of ABC developers {on whose behalf it was paiid}

Please give the fully details with amount posted in it taking the above example

Replies (1)

 

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