Branch to Branch Entery Can I Pass?

This query is : Resolved

Mahesh 1977

Mahesh 1977 (Querist)
Follow

16 May 2011 We Have 4 branch. HO In Pune. Some Time Fund Direct transfer to One Branch to Other Branch that time Can I show entry fund transfer to Other branch.?

Or

First show fund come to HO and Transfer to Other Branch?

What can i do here?

CA. Aryendra

CA. Aryendra (Expert)
Follow

16 May 2011 You can opt both the option.

Option Direct Entry 1. No Entry At H.O.

Transferring Branch

Branch A Dr
To Bank

Receiving Branch

Bank Dr.
To Branch B

2. Option 2 Entry Through HO.

1. HO. Dr.
To Bank

(Fund Transfer To A Branch

2. Bank Dr.
To H.O.

(Fund Received From B Branch)

3. Entry in HO Books

Branch A Dr.
To Branch B
(Fund transferred by B Branch to A Branch)

CA. Aryendra

CA. Aryendra (Expert)
Follow

16 May 2011 Option 2 is better for controlling point of vies.

Upgrade to CAclubindia Pro. Subscribe Now!