Branch Loss in HO books
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 June 2010
Please guide me on Branch Loss in HO books. Where it should be seen. Capital Account?
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
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
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.
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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