Dear Sir,
i wnt know that if any branch exp paid by headoffice, & Headoffice done both a/cing in same book mean head office, i will show the exp of branch in branch a/c & paid by head office then what entry will be posted.
Please reply as my convenience
Thanks
In the books of Head Office entry will be:
Branch Account DR. Rs- 1000/-
To Cash/ Bank Rs- 1000/-
In the books of Branch Entry will be:-
Expenses Account DR. Rs. 1000/-
To Head Office Accounts Rs- 1000/-
yas this enty is absolutely correct
CAclubindia
