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We are operating a company which H.O. is Delhi and Branch
offices at Kanpur and Hardwar. We need Income and expenses
seprately in All branches. is it possible in tally.erp9. if
yes please provide the procedure as early.
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Answer / ameet narayankhedkar
There are two ways 1) Either create a new branch account separately or give it in narration clearly, mentioning the branch name
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / sp
Create 1 Group company and under this 2 subsidiary companies
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Sanjay Ltd invited applications from the public for the issue of 10,000 equity shares of Rs. 10 each at a premium of 20%, payable Rs. 3 on application; Rs. 5 on allotment including premium and the balance in two calls of an equal amount. Applications for 15,000 equity shares were received. The directors allotted 10,000 shares to all the applicants on pro-rata basis adjusting the excess application money towards allotment. All money due on allotment and calls were received. Give journal entries to record the above transactions in the books of the company. Also show the balance sheet.
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