Branch accounts
This query is : Resolved
14 September 2013
IF a firm has branches, what entries should be passed in Head office A/c to take effect or branch A/c. How Branch stock would be merged in Head office? Please help.
Ganeshbabu K
(Expert)
15 September 2013
in books of head office there will be branch account and in the books of branch there will be headoffice
.
.
first you need to tally both means both accounts balance should be equal
.
.
once equaled,,branch account balance in headoffice represents networth of company,,means
..
.
branch account balance in ho books = assets -liabilities of branch
consolidate financials accordingly
.
.
.
.
first you need to tally both means both accounts balance should be equal
.
.
once equaled,,branch account balance in headoffice represents networth of company,,means
..
.
branch account balance in ho books = assets -liabilities of branch
consolidate financials accordingly
.
.
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