If grant is receivable by head office, but it is directly
received by branch then what entries should be passed in
branch and head office in tally
Answers were Sorted based on User's Feedback
Answer / m shasha vali
in head office
branch a/c dr
to grant a/c
in branch office
bank/cash a/c dr
to head office a/c
Is This Answer Correct ? | 4 Yes | 0 No |
Answer / dalip kumar
at head office debit the branch with that amount of grant &
credit the ledger against which it was receivable.
at branch office debit the amount of grant recd. & credit
the head office
Is This Answer Correct ? | 1 Yes | 0 No |
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