Accounting Entries

If a Company 'A' transfers $1000 to Company 'B'. illustrate the accounting entries.

Questions by Hafeez Abdul

Showing Answers 1 - 4 of 4 Answers

SRAVANTHI

  • Jul 19th, 2011
 

CASH A/C....DR
TO B A/C ....CR

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HARI

  • Jul 19th, 2011
 

in the books of A

B A/c. Dr.
to Cash A/c.

In the books of B

Cash A/c. Dr.
to A A/c.

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Rohit Sharma

  • Jul 27th, 2011
 

In the books of company A
Company B A/c .........Dr 1000
To Cash/ Bank A/c 1000

In the books of company B
Cash / Bank A/c ......Dr 1000
To Company A A/c 1000

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