How to show payment

Suppose B is the buyer and A is the seller. B again sells it to C. But C makes payment to A instead of B. How to adjust is in the accounts of B

Replies (10)
Quick Summary
This discussion addresses a complex accounting scenario where a buyer (C) mistakenly pays the original seller (A) instead of the intermediary seller (B). It explores how B can adjust their accounts to reflect this incorrect payment. While journal entries are provided for adjustment, the consensus is that this situation is not ideal from an accounting perspective and highlights the importance of ensuring payments are directed correctly.

Which payment???
For adjustment purpose You can provide JV as below;

Purchase from A
Dr. Purchase a/c - XXXX
Cr. A a/c - XXXX


Sales to C
Dr . C a/c - XXXX
Cr. Sales a/c - XXXX

Journal Voucher for adjustment
Dr. A a/c - XXXX
Cr. C a/c - XXXX


Note:
For adjustment purpose these JV is possible...

But, As per accounting it's not advisable..
Sundry creditors
expense head dr.
name of the party cr.

bank credit.
😇😇😇😇😇😇😇😇😇

Then Why You ask "Which payment???"...???
@ My Dear Great Mr Sabyasachi Mukherjee...

🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Pass journal entry as said by Raja PM.
Wrong jv
put the narration.
You are Always Wrong...
&
You are Totally Wrong...
Becoz you can read the heading lol
Hey Muttaal,

Now You put Your extraordinary replies in old queries also .

only for points.
being top of the leader board...

There is also a member in top...

So, You can't reach there...

Stupid

Make sure wrong payment goes to right account. Then change the ledger name

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