Audit fees entries and transfer entries
This query is : Resolved
Jitender Kumar
(Querist)
10 April 2013
Sir
I have two branches A and B.Branch A transfer its bank A/c to branch B. Audit fees of branch A of F.y.2010-11 Booked but paid in the F.y.12-13 by the branch B.
Explain the Entries.
I have two branches A and B.Branch A transfer its bank A/c to branch B. Audit fees of branch A of F.y.2010-11 Booked but paid in the F.y.12-13 by the branch B.
Explain the Entries.
CMA Ramesh Krishnan
(Expert)
06 August 2013
In branch A books
Dr: audit fees
Cr: Branch B
In branch B Books
Dr: Branch A
Cr: Bank
Dr: audit fees
Cr: Branch B
In branch B Books
Dr: Branch A
Cr: Bank
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