Accounts entry
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 June 2012
there is a company ABC & its two Branch by namely Co. A Co.B.
my query is, all branch paid there salary from their bank A/c. WHAT WILL BE ENTRY IN ALL CO. AND TWO BRANCH FOR THE SAME
my query is, all branch paid there salary from their bank A/c. WHAT WILL BE ENTRY IN ALL CO. AND TWO BRANCH FOR THE SAME
CA Prashant Gupta
(Expert)
21 June 2012
if all accounts are maintained in HO then
salary A/c Dr
To Bank
this will be in HO accounts for full salary
But
if branches has its own accounts then
in Co A will pass entry
Salary A/c Dr
To Bank (if separate bank)
or
Salary A/c Dr
To ABC Co ( if not separat bank)
in HO
Co A Dr
To Bank (if not separate bank)
salary A/c Dr
To Bank
this will be in HO accounts for full salary
But
if branches has its own accounts then
in Co A will pass entry
Salary A/c Dr
To Bank (if separate bank)
or
Salary A/c Dr
To ABC Co ( if not separat bank)
in HO
Co A Dr
To Bank (if not separate bank)
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