Branch Accounting
This query is : Resolved
27 August 2010
I transfer stock at cost of 2000/- to branch. Now branch sold 1040/- (1000 item cost + 40 Vat). They send sales invoice & Cash to head office.
what all entry done at head office.
what all entry done at head office.
27 August 2010
IN HEAD OFFICE
1. FOR RECEIPT OF GOODS
GOOD T/F FROM BRANCH DR2000/-
TO BRANCH 2000/-
2. FOR SALE , IF CASH SALES THEN
CASH DR 1040
TO SALES 1000/-
TO VAT PAYABLE 40/-
3. FOR CASH T/F
BRANCH DR 1000
TO CASH 1000
1. FOR RECEIPT OF GOODS
GOOD T/F FROM BRANCH DR2000/-
TO BRANCH 2000/-
2. FOR SALE , IF CASH SALES THEN
CASH DR 1040
TO SALES 1000/-
TO VAT PAYABLE 40/-
3. FOR CASH T/F
BRANCH DR 1000
TO CASH 1000
27 August 2010
You need to pass Dr. Bank/Cash Cr. Respective Branch remittance a/c
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Type of Capital Gain
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- Accounting with Claude
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
