Journal entry

A/c entries 319 views 1 replies
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4 Points Joined October 2015

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. 

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On 08 October 2015 at 02:40 Report
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Finance Manager
312 Points Joined October 2009

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

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On 08 October 2015 at 14:14


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