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08 December 2016 If Parent company pays salary to Subsidiary company. What is the journal entries in both the companies.
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Channabasava

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Channabasava (Querist)
08 December 2016 please tell me the journal entries if parent company pays salary of subsidiary company. please tell me the journal entries in both books of accounts
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CA Suresh Jain

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CA Suresh Jain (Expert)
09 December 2016 It is loan to subsidiary company, pass payment entry accordingly. Salary payment to be recorded in Subsidiary company
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Channabasava

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Channabasava (Querist)
09 December 2016 thank you Jain for your answer. could you please tell me what Journal entries Will come in both books of accounts

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