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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

Answers were Sorted based on User's Feedback



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

Is This Answer Correct ?    4 Yes 0 No

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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