Branch accounting

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Querist : Anonymous (Querist)
26 February 2013 If Head Office purchased a car & transferred it to Branch then what will be "Journal Entry" in the books of Head Office as well as branch.

26 February 2013 @Head office
1) Car purchased.
Party Ac. Dr.
to Bank Ac.
2) Transferred to branch
Branch Ac. Dr.
to Party Ac.

26 February 2013 @Head office
1) Car purchased.
Party Ac. Dr.
to Bank Ac.
2) Transferred to branch
Branch Ac. Dr.
to Party Ac.

26 February 2013 @ Branch

1) Fixed Assets Ac. Dr.
Head office ac.

26 February 2013 @ Branch

1) Fixed Assets Ac. Dr.
Head office ac.

26 February 2013 @ Branch

1) Fixed Assets Ac. Dr.
Head office ac.

26 February 2013 Hey Hemant How many times you will Reply yar.

26 February 2013 HO books

Car

to bank

XYZ branch
to car


branch books

car

to h.o.

28 February 2013 Sorry Rajesh ji... I have replied only one time but due too slow speed there ware many replied posted.. sorry.

28 February 2013 Sorry Rajesh ji... I have replied only one time but due too slow speed there ware many replied posted.. sorry.

28 February 2013 Okey No issue friend


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