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Branch Loss in HO books

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 June 2010 Please guide me on Branch Loss in HO books. Where it should be seen. Capital Account?
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
16 June 2010 Balance sheet is made combine at Head office or Registered office level.
At the end of financail year, you have to t/f to loss in RO books
Registered Office A/c (under Group of Capital ) Dr.
To Profit & Loss A/c
In the booke of RO
Profit & Loss A/c Dr.
To Branch A/c
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Querist : Anonymous

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Querist : Anonymous (Querist)
16 June 2010 Dear Sir,
If it is foreign company books how do they account because they do not open capital account as such in their books.
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