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BRANCH ACCOUNTS

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hi all,

plz anybody tell me how to show the following entries in H.O books and also in Branch books assuming that branch has no seperate accounts. and all the expenses incurred by H.O on behalf of branch.

1) if H.o purchased assets for branch.

2) if H.o pays exp. for branch.

then how to show entries in h.o and branch books.

Replies (8)
hi gaurav, the entries will be the folllowing In the Books of H.O 1) Branch a/c Dr To Cash a/c. 2) Branch a/c Dr To Cash a/c. In the books of B.O 1) Asset a/c Dr To H.O a/c 2) Expenses a/c dr To H.O a/c Thanx, Saran Kumar.U
thanks alot m. saran for ur suggestion . my idea is right but i want to confirm that. thanks again
entries in h.o. books for exp. branch dr. to cash/bank a/c for purchase of fixed assets branch dr to cash a/c to branch a/c
mr sarein entries are perfect
You are wonderfull mr. Saran Kumar
thanx for ur compliment kiran Regards, saran kumar
BRANCH A/C DR TO CASH
..thnx alot sir i ws my doubt too


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