Branch accounts
This query is : Resolved
30 October 2012
what will be d treatment of loss of goods in transit in branch as well as head office a/cts if head office sent goods to branch at 10% above cost? nd if there z a abnormal loss in branch where will it come, in trading a/c or P&L a/c?
30 October 2012
As goods was damaged in the way to branch and branch not received the goods ...then it will not be accounted by branch...the loss will be booked by company itself under abnormal loss to branch opertions.
05 November 2012
k. thnk u but what would be its entry?
11 November 2012
Send the intimation to the HO and the branch need book the goods as has been explained by the expert
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
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- NRI starting business in India
- ITDS U/S.194T of Firm
- ADVANCE PAYMENT OF ADVOCATE
- FORM 141 SDV query
- Non-Compliance documents have not been submitted by the contractors debited
- EXPORT COMMERCIAL INVOICE HSN CODE
- Eway bill not cancelled within 24 hous what can be due
- Capital gain on sale and purchase of plot
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- CREDIT NOTES WITHOUT GST
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
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
