If grant is receivable by head office, but it is directly received by branch t

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

Question Posted / parth

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If grant is receivable by head office, but it is directly received by branch then what entries sho..

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

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If grant is receivable by head office, but it is directly received by branch then what entries sho..

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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