i want to know what is the fund transfer.and what about the joural entry that.
1 Replies
CA Anil Kumar .S
(Finance Manager)
(219 Points)
Replied 31 August 2009
Fund Transfer means sending money from HEAD OFFICE to BRANCHOFFICE or viceversa
Journal Entry is
Branch Bank A/c Dr
To Head office Bank a/c
(Being money of frund transfer from Head office to Branch)
Head office Bank a/c Dr
To Branch Office Bank a/c
(Being money recieved from branch)
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