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Can Parent’s Company Payment on Behalf of Subsidiary companies?

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(Querist)
09 September 2023 Can Parent’s Company Payment on Behalf of Subsidiary companies? If Yes, so Please Tell how can manage books of Accounts.

Payment Like:- rent , commission, client payment etcs.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
09 September 2023 Yes, debit subsidiary company and get payment or adjusted later against dues.
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