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Branch accounts

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 August 2012 a company open its branch some where, and paid advance to his branch manager rs. 500000 to oprate branch.& branch maintain tally software, what will be the a/cs entry in tally & under which head.should we mention said amount as capital
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Hemant Kumar

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Hemant Kumar (Expert)
21 August 2012 Create a new ledger Branch A/C under Current Assets... and Debit this amount to Branch account ledger. Whenever branch repay this amount to head office then credit the same account.

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