Branch accounts
This query is : Open
11 January 2017
Dear Experts,
our association has newly opened new branch in mumbai. and they are paying expenses from head office bank account future expense will be done by head office bank account only. . my query is that how I do the accounting for branch since we do not have separate bank accounts for branch.
shall i do by activating cost center and cost category in tally.
our association has newly opened new branch in mumbai. and they are paying expenses from head office bank account future expense will be done by head office bank account only. . my query is that how I do the accounting for branch since we do not have separate bank accounts for branch.
shall i do by activating cost center and cost category in tally.
11 January 2017
Instead of crediting Bank Account for payment made, you credit your HO account.
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
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- Tax on Deemed Capital Gain
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Type of Capital Gain
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- 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
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
