Branch Loss in HO books
Querist : Anonymous
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
Querist : Anonymous
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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