In which head
This query is : Resolved
Kumar Niraj
(Querist)
13 September 2012
hum ek company se apni hi dusri company mai fund trfr kar rhe hai to us company ka ledger ko kis under head create karenge? please help me . thnx in adv
13 September 2012
What is the nature of the transaction?
Is it a loan or an advance?
Is it a loan or an advance?
Hemant Kumar
(Expert)
13 September 2012
In Books of Accounts of Company A (Which is transfer of amount to its subsidery company) :
Create a Ledger under Current Assets.
In Books of Accounts of Company B (Which is reacived the transfer amount):
Create a ledger under current liabilities.
Create a Ledger under Current Assets.
In Books of Accounts of Company B (Which is reacived the transfer amount):
Create a ledger under current liabilities.
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