Deepak Tapse (Accounts Manager - Taxation) (1771 Points)
26 February 2014Suppose one company having various division at various locations and transfering material from one division to another division, in this regads, the amount receivable or payable ( Dr. Balance in one division and Cr. balance in another division), how to nullify.
CA Bhargav Nathwani
(CA in Practice)
(8307 Points)
Replied 27 February 2014
Refer Branch Accounts. You will difinatly got idea how to pass Jornal entries in the books of accounts.
CAclubindia
