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CA Foundation doubt

Yha pe 2nd entry me Gopal or Mohan ke bich me transaction huaa hai toh kartik ke book me nhii aana chahiye n entry??

Image attached to the doubt: Yha pe 2nd entry me Gopal or Mohan ke bich me transaction huaa hai toh kartik…

Asked by Divesh7 Aug 2024362 views

2 answers

  1. Divesh · 12 Aug 2024

    Thanks bhaii

  2. 👀👀👀 · 7 Aug 2024

    ▪︎Bro isme karthik ka bills receivable tha gopal ke behalf pe ▪︎Aur karthik ko mohan ko paisa dena tha Lekin karthik ne paiso ki jagah pe gopal ka bills receivable endorsed kar diya ▪︎due date pe gopal ne mohan ko paisa nahi diya (i.e dishonored) ▪︎ isiliye pehle karthik ke book me dishonored ki entry ayegi 1) gopal ac dr. 4550 To bills receivable ac. 4550 And second entry gopal ko debtor and mohan ko creditor bana ne ki entry 2) gopal ac dr. 4550 To mohan ac. 4550

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