Fund transfer from Branch to Head office
This query is : Resolved
11 August 2020
Dear Sir / Madam
We have a branch office in Bangalore and we transferred fund from our Bangalore Branch office's bank account to Kolkata Head office Bank account.
Please guide me about the Accounting entries.
With Regards
Shomenath Pyne
We have a branch office in Bangalore and we transferred fund from our Bangalore Branch office's bank account to Kolkata Head office Bank account.
Please guide me about the Accounting entries.
With Regards
Shomenath Pyne
11 August 2020
In Branch's books of accounts
Head office A/c Dr. XXXXX
Bank A/c (Cr.) XXXXX
In HO. Books of Accounts
Bank A/c Dr. XXXXX
Bangalore Branch Ofice (Cr.) XXXX
Head office A/c Dr. XXXXX
Bank A/c (Cr.) XXXXX
In HO. Books of Accounts
Bank A/c Dr. XXXXX
Bangalore Branch Ofice (Cr.) XXXX
11 August 2020
Thank You So Much Sir
11 August 2020
Most Welcome. Glad to help you.
11 August 2020
Dear Sir
Please advise " Under which head , I shall open Head office A/c in Branch Book, Similarly in Head office Book, Under which head I shall open Bangalore Branch Office Account??
With Regards
Shomenath Pyne
Please advise " Under which head , I shall open Head office A/c in Branch Book, Similarly in Head office Book, Under which head I shall open Bangalore Branch Office Account??
With Regards
Shomenath Pyne
11 August 2020
Under Inter Unit head, in books of accounts of B.O. as well as H.O.
11 August 2020
Sir, Is it means that it will be under "Current Assets or Liability ?
With Regards
Shomenath Pyne
With Regards
Shomenath Pyne
11 August 2020
In B.O. - Create under Current Assets.
In H.O. Create under Current Liability
In H.O. Create under Current Liability
11 August 2020
Sir, Now it is Clear, thank you so so much.
With Best Regards
Shomenath Pyne
With Best Regards
Shomenath Pyne
11 August 2020
You are most welcome. Glad to help you
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Errors in lTDS FORM 26 QB FILING FOR Last instalment payment FOR HOUSE PROPERTY PURCHASE
- Reg Correction Form 15CB & 15CA
- TDS deposited by party after the filing of income tax returns
- Regarding Capital gain of NRI
- Address Proof Required Gst Registration in UP
- Gstr9 fy23-24
- REGARDING PROPERTY TDS
- Foreign assets include NRE & FCNR deposits maintained in India ?
- Cancel of form 102 without transfer
- REGARDING ITR RETURN PROCCESSED BY DEPARTMENT
- Is Home Orderly Allowance available to Judicial Officers of India, Taxable?
- Voluntary gst tax given in DRC FORM 3 US 122 AND US125
- Rule 42 Calculation
- At least one Business Code is mandatory either in Schedule Nature of Business or at Point 61
- Fixed assets to be expensed out resulting nil value
- ITC RECREDIT NOT SHOWN IN GSTR 9
- Regarding Tata Motors Stock
- GSTR9 ITC AVAILED CLARIFICATION
- Gstr9 2023-24
- Wrong itc ingstr-3b coloum4-b-1
Trending Online Classes
-
6 days Certification Course on GST Practical Return Filing Process
CA Pratibha Goyal16 December 2024
CAclubindia
