Hi All, can some one help me with below query.
1- A and B are two subisidiary of C. A received revenue on behalf of B. What will be the journal entry in both A and B's book. Complete journal entry please.
2- what shall be the journal entry if A sold software to B.
Normal Journal Entries...........
for revenue.... Receipt Mode a/c Dr.
To B
for sale of software ( you havent yet explained whether A's operation is sale of software - considering it is )
B a/c Dr.
To Revenue
MANUJ SHARMA AND COMPANY
Noida
CA Inter
View Details
CA Suraj Garg & Associates
New Delhi
CA Final
View Details
AJAY SINGH AND CO LLP
Thane
CA Final
View Details
CCI
Pro
CAclubindia
