How to prepare branch account statement

  There are two method 

1)  separate  Trading , profit & Loss A/c  and  Balance sheet  of  Branch and  Head  office 

 2) Consolidated P&L  and  Balance sheet  of   Head  office  and  Branch  . 

                   If  you are using  first  method  then  you have  transfer profit  or  loss of  branch  to  Head office  and converse entry  in the H.O Book , also  Advance given in the starting to the branch will  be as Capital  in the books of Branch . 

                  IF you are using second method  then  all  profit  or loss  of  branch will be transferred to  Head office separately after that  all  the  Assets and  liability will be transferred  to  Head  office  and  converse entries in the books of  head office 

               Transfer  entry  in the Branch Book

            1)      Head  office   A/c   Dr  

                 To  Assets  Branch    A/c  Cr 

              2)   liability Branch   A/c   Dr 

                 To  Head office  A/c  Cr  

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