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Branch & division

GANESH KUMAR KASHYAP (Private Job) (206 Points)

25 June 2015

Dear Sir,

I am Employee of ACCSL India Pvt. Ltd. & their 40 Branches of All over india. My question is if rent of allahabad branche paid by Head office of Rs. 60000 with tds deducting @ 10%. what is the journal entry for this. Vendor Name : ashok jain.

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yash kariya (student) (35 Points)
Replied 29 June 2015

1.Allahbad branch ac dr. 60000 . . . . . . To bank 54000(or to vendor if unpaid) . . . . . . To tds payable ac 6000 ( deducted on respected pan) 2.later tds deducted paid to govt. Tds payable dr. 6000 To bank ac 6000.

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GANESH KUMAR KASHYAP (Private Job) (206 Points)
Replied 30 June 2015

Originally posted by : yash kariya
	1.Allahbad branch ac dr. 60000 . . . . . . To bank 54000(or to vendor if unpaid) . . . . . . To tds payable ac 6000 ( deducted on respected pan) 2.later tds deducted paid to govt. Tds payable dr. 6000 To bank ac 6000.

HOW TO ENTRY IN ONE COMPANY WITH BRANCHES AGAINST INCOME & EXPENSES.
1. if branches receive income from business against loan taken from customer for Rs. 1000000?

2. if branches paid expenses from cash or bank ?