21 June 2012
there is a company ABC & its two Branch by namely Co. A Co.B. my query is, all branch paid there salary from their bank A/c. WHAT WILL BE ENTRY IN ALL CO. AND TWO BRANCH FOR THE SAME
21 June 2012
if all accounts are maintained in HO then
salary A/c Dr To Bank
this will be in HO accounts for full salary
But
if branches has its own accounts then in Co A will pass entry Salary A/c Dr To Bank (if separate bank) or Salary A/c Dr To ABC Co ( if not separat bank)
CAclubindia
