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SUPPLIER PAYMNET BY PARTNER JOURNAL ENTRY

A/c entries 351 views 1 replies
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Executive
207 Points Posted on 11 September 2024

HI

 

CAN SOMEONE HELP ME WHITH THE JOURNAL ENTRY 

PARTNER PAID BY CHEQUE TO SUPPLER  AS  ADVANCE MONEY FROM HIS  PARTNER SUBSIDERY COMPANY 

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On 11 September 2024 at 10:11 Report
Replies (1)
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GST Practitioner & Accounts
15093 Points Posted on 11 September 2024
Pass entry as follows

Advance to Supplier A/c Dr
To Subsidiary Company A/c Cr
( Advance to supplier from subsidari)

Subsidiary company under Sundry Creditors


when paid back to S.company

Subsidiary Company A/c Dr
To Bank A/c Cr
( return back to S.company )
24 Reply
On 11 September 2024 at 10:49


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