Hello Can any body tell me what would be the entry passed for fhe following treatment
Cheque Returned dishonor of Branch under the dependent Branch Accouting System of Branch Accounting
Thanks in Advance.
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Branch Accounting
Replies (5)
Please make the whole problem clear.
I am doing a question of Branch accounting and i have found a difficulty while solving the problem I had seen a Problem Branch Cheque Returned Dishonor. What would be the entry passed for the above treatment
To whom branch has sent the cheque? Which method are you following - debtor system, stock and debtor system, final accounts?
Stock and Debtor System. Branch has sent to H.O.
Following entry be passed:
Branch Bank A/c Dr.
To H.O. Bank A/c
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