hi experts ,
what journal entry will be posted by HEAD OFFICE for salaries paid to associates . this entry is inter division entry .
and am posting expenses to inter division.
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Inter division
Replies (2)
Dear Sir,
1) If the salary pertaining is expenditure of branch and HO is paying to branch, then entry will be "Branch Account Dr" to " Bank Account "
2) in your last two lines, you are debiting expense of HO, which means you are treating branch salary as HO salary. Which in concept does not go in line with branch accounting.
For more details, you can drop email to psandac @ gmail.com
Hi sir that expenses am putting under inter division
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