Journal voucher entry

Lets there are two parties..Ankit Fabrics Ltd & Shanaya texo LLP. Ankit fabrics ltd established in 2010 & Shanaya Teco LLP established recently. In both entity, directors & designated partner are same. Ankit Fabrics is well known party in market. Nature of business are same in both entity. Some times parties make payment of shanaya texo in Ankit fabrics. Lets Ankit fabrics received Rs. 100000 from Party X on behalf of Shanaya Texo LLP I m doing entry like this

In the books of Ankit Fabrics

Bank 100000

To Party X 100000

(At the time of cheque recd)

Shanaya texo LLP 100000

         to Bank 100000

In the books of shanaya texo

Ankit fabrics 100000

to Party X 100000

(As party X has paid to Ankit Fabrics ltd)

Bank 100000

to Ankit fabrics Ltd 100000

im confused what to do in ankit fabrics because in b/s has debit balance of party X rs. 100000

Read more at: /forum/journal-voucher-entry-359122.asp

Lets there are two parties..Ankit Fabrics Ltd & Shanaya texo LLP. Ankit fabrics ltd established in 2010 & Shanaya Teco LLP established recently. In both entity, directors & designated partner are same. Ankit Fabrics is well known party in market. Nature of business are same in both entity. Some times parties make payment of shanaya texo in Ankit fabrics. Lets Ankit fabrics received Rs. 100000 from Party X on behalf of Shanaya Texo LLP I m doing entry like this

In the books of Ankit Fabrics

Bank 100000

To Party X 100000

(At the time of cheque recd)

Shanaya texo LLP 100000

         to Bank 100000

In the books of shanaya texo

Ankit fabrics 100000

to Party X 100000

(As party X has paid to Ankit Fabrics ltd)

Bank 100000

to Ankit fabrics Ltd 100000

im confused what to do in ankit fabrics because in b/s has debit balance of party X rs. 100000

Read more at: /forum/journal-voucher-entry-359122.asp

thanks prashant sir