i want to know what is the fund transfer.and what about the joural entry that.
jaya pandey (accountant) (97 Points)
31 August 2009i want to know what is the fund transfer.and what about the joural entry that.
CA Anil Kumar .S
(Finance Manager)
(219 Points)
Replied 31 August 2009
Fund Transfer means sending money from HEAD OFFICE to BRANCHOFFICE or viceversa
Journal Entry is
Branch Bank A/c Dr
To Head office Bank a/c
(Being money of frund transfer from Head office to Branch)
Head office Bank a/c Dr
To Branch Office Bank a/c
(Being money recieved from branch)
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