WHAT ENTRY WILL BE PASS?

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.

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