student
68 Points
Joined April 2016
but what would be accounting entry if payment made by H.O.
actually during Audit I observed an accounting entry where consideration paid by H.O for assets purchased but bill was in the name of branch .Accounting entry passed by H.O. is Fixed assets A/c Dr. To Bank A/c i.e.instead of passing the entry Branch A/c Dr. to Bank the H.O. is passing the aforesaid mention entry, is it correct or not .Should we force the Mgt. to change the entry or Not .Please provide your valuable sugestion.