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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
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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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