Advanced accounting query

In the book of independent branch pass the journal entry for:

Income of Rs.2800 allocated to branch by head office. No entry is passed in the book of brance.

 

Shouldnt the entry be

Bank A/c                       Dr.

    To Head office A/c

 

but in the paduka book it has debited the Head office A/c.

Please tell me the correct answer and if the paduka book answer is right, tell me why.
 

Thank you guys in advance :D

Replies (1)
It should be HO a/c dr. To p/l a/c Since its ur income so p/l is credited and since ho becomes ur debtor so its debited.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details