wht shd b entry

naroo (accountant) (184 Points)

13 November 2010  

hi frndz

pl clear my doubt regarding below transaction.

Mr. A running Abc co. whose bus is to selling antique item in abroad thru internet. he sell to Mr. M worth of 10,000.

now Mr. A got money directly in his account while the money should have been credited in ABC Co. a/c.

now pl tell me entry in A ( receiveing and transferring ) and ABC Co.'s Books ( receiving and recording sales ).

pl help