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Head office and Branch Accounting in tally
suppose we purchase a new fixed asset from supplier in Ho for branch.we paid to supplier in Ho only.but fixed asset used by branch.what is the accounting entries in books of Ho and branch?
Replies (4)
Transfer asset to branch account.
what is the accounting entrt
HO ENTRY:,,,,,,,DR BRANCH OFFICE AND CR SELLER ,,,,,,,,,,,,,,,,,
BRANCH ENTRY:,,,,,,,,DR ASSET AND CR HO
IN H.O:
1) Fixed Asset ..dr
To party alc
2) Branch ...dr
To Fixed asset
IN BRANCH :
Fixed asset ...dr
To H.O
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