HI
CAN SOMEONE HELP ME WHITH THE JOURNAL ENTRY
PARTNER PAID BY CHEQUE TO SUPPLER AS ADVANCE MONEY FROM HIS PARTNER SUBSIDERY COMPANY
1 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14882 Points)
Replied 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 )
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 )
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