SUMIT BADYAL (709 Points)
22 January 2020
Kumar Sushank
(General Manager - Finance)
(1040 Points)
Replied 22 January 2020
Suppose Party "X" is belongs to your company "A" and now you want to transfer this party to your company "B"
Entry would be in Books of "A" :
Company "B" (Under Branch Group)...................... Dr.
Party "X" .................... Cr.
Entry would be in Books of "B" :
Party "X" .................... Dr.
Company "A" (Under Branch Group)...................... Cr.
Note : Both Entry will be entered in both books on same day with same amount.
SUMIT BADYAL
(709 Points)
Replied 22 January 2020
Kumar Sushank
(General Manager - Finance)
(1040 Points)
Replied 22 January 2020
No, You should entered in both books.
CAclubindia
