Adjustment Entries For Sister Concern companies

A/c entries 5481 views 1 replies

hi all

i have a doubt regarding sister concern companies like 2 of companies are sister concern & some payments will happen in one company but bill is in the name of other comapany & salary is paid on one company but pt paid on another company how to manage such things & one more is it ok taking the salary expense in paid company for which pt was paid on another company, kindly any one clarify.

 

Thanks in Advance

Bahubali

Replies (1)

 

suppose sisters concern co. booking exp at H.O.

 

entry will be at H.O.

 

SALARY A/C.  DR.

BANK A/C         CR.

 

Entry in branch or sister concern

XYZ(SISTER CONCERN CO.)DR.

SALARY A/C. CR.

(BEING SALARY TRANSFER FROM H.O. TO SISTER CONCERN CO.)

 

And second query some purchase or expenses born by sister concern co. but payment made by H.O.

Entry in H.O. of bill accounted but goods recd in sistern concern

 

Branch or sister concern

Bank A/c.. Cr.

(being payment made to party .)

Entry in branch or sister concern

 

Purcahse A/c Dr.

Party A/c.  Cr..

 

Party A/c Dr.

H.O. A/cr Cr.

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register