WHAT ENTRY WILL BE PASS?

1467 views 4 replies

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.

 

 

 

 

 

Replies (4)

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.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details