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.
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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