BRANCH ACCOUNTS

Kumar Gaurav (Going...to be C.A soon...)   (1624 Points)

18 September 2007  

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.