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Fund transfer from Branch to Head office

This query is : Resolved 

Dear Sir / Madam

We have a branch office in Bangalore and we transferred fund from our Bangalore Branch office's bank account to Kolkata Head office Bank account.
Please guide me about the Accounting entries.

With Regards
Shomenath Pyne


In Branch's books of accounts
Head office A/c Dr. XXXXX
Bank A/c (Cr.) XXXXX
In HO. Books of Accounts
Bank A/c Dr. XXXXX
Bangalore Branch Ofice (Cr.) XXXX

Thank You So Much Sir

Most Welcome. Glad to help you.

Dear Sir
Please advise " Under which head , I shall open Head office A/c in Branch Book, Similarly in Head office Book, Under which head I shall open Bangalore Branch Office Account??
With Regards
Shomenath Pyne


Under Inter Unit head, in books of accounts of B.O. as well as H.O.

Sir, Is it means that it will be under "Current Assets or Liability ?
With Regards
Shomenath Pyne

In B.O. - Create under Current Assets.
In H.O. Create under Current Liability

Sir, Now it is Clear, thank you so so much.
With Best Regards
Shomenath Pyne

You are most welcome. Glad to help you


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