Hi!
suppose B is a customer of A & C is customer of A , all of them are contractor in eachself. Employee of C some goods worth Rs. 15000/-has stolen of B . So B deducted Rs. 15000/- from Monthly billing made by A on B.
plz suggest me what entry or entries will be passed in the books of A as per AS & also mention the name of AS
thanks.
In the Books of " C "
Concerned Employee A/c (if recovered from employee) Dr 15000
TO " A " A/c 15000
(OR)
Profit & Loss A/c ( if not recovered from employee) Dr 15000
To " A " A/c 15000
In the Books of " A "
" C " A/c Dr 15000
To " B " A/c 15000
In the Books of " B "
" A " A/c Dr 15000
To Concerned Stock A/c 15000
dunno about the AS but the entry would be (in A's books) for rs 15000.00
Dr. C's current A/c
Cr. B's Current A/c
and im sure theres no AS for this.....
But tell me for the theft made by employee of C y is B charging A for it ????
My doubt is same as Hemant's ques. Something happened b/w B & C...how is A bothered about it.....also C's employee was the culprit.......why is C bearing the loss..............If I do something immoral outside my employment...that does not affect my employer??
Its look very funny. Practically not possible. No Firm will allow to do this.
CAclubindia
