Hi,
Can anyone tell me, What will be entry for 'Pruchase of an asset' by a branch. Both in the books of Branch and H.O. also Both Independent branch and Dependent branch?
Menu
Accounting Entry
Replies (4)
| Originally posted by : Bijoy | ||
 |
Hi, Can anyone tell me, What will be entry for 'Pruchase of an asset' by a branch. Both in the books of Branch and H.O. also Both Independent branch and Dependent branch? |
 |
At Branch Office :
Dr Head Office A/c
Cr Cash / Bank A/c
At Head Office :
Dr Fixed Assets A/c
Cr Branch Office A/c
Agreed.
IN THE BOOKS OF BRANCH
FIXED ASSETS –DR
TO CASH]BANK
ON BOOK CLOSING AT YEAR END
HEAD OFFICE –DR
TO FIXED ASSETS
IN THE BOOKS OF HEAD OFFICE
FIXED ASSET---DR
TO BRANCH
agreed with all........
Recent Topics :
- TDS on Property Purchase Paid
- Cash Purchase Above ₹10,000, ITR/40A(3) Trea
- TDS on dividend to non resident shareholders
- Best CA Inter classes in Laxmi Nagar for Group 1?
- Gst refund
- Compliance under Society Act 1860
- Hi experts need help
- How to object stamp duty value if property is sold
- Residential House property and it's loan can shown
- Income Tax Department Website Error While Importin
Related Topics :
CAclubindia
