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

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

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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