Dear Sir/Madam,
MR. ABC SUBMIT BILL OF RS. 15,000INR AGAINST PRINTING & ADVERTISING, BUT PAID OF RS. 7500INR BY ME & BALANCE 7500INR PAID BY THIRD PARTY, WHAT IS THE JOURNAL ENTRY? IF WE PAID, WHAT IS ENTRY?
& THIRD PARTY LEDGER UNDERGROUP?
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Expenses
Replies (1)
EXPENSES 7500
TO ABC 7500
A)if paid by you whole amount
3RD PARTY 7500
ABC 7500
TO BANK 15000
CASE B:
IF YOU PAID YOUR PART
ABC 7500
To Bank 7500
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