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
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CAclubindia
