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Branch Accounts
when payment to creditors by branch thro bank but voucher generated in H.O.what is the account entry in H.O and branch?thks
Replies (4)
S, Creditors a/c Dr
Branch Bank A/c Cr
(Branch Bank a/c to be reconciled at the end of every month for an internal control)
sir in branch what is the entry?
In the books of HO:
Sundry creditors A/C Dr
TO Branch a/c
In the books of Branch:
HO a/c Dr.
TO Brach bank a/c
S, Creditors a/c Dr Branch Bank A/c Cr (Branch Bank a/c to be reconciled at the end of every month for an internal control)
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