222

$show=home

Welcome to Accounting Education

The Accounting University with 3400+ Accounting contents as study material which can watch, read and learn anyone, anywhere.

Start your studies

$show=home

Journal Entries $type=three$count=6$author=hide$comment=hide$label=hide$date=hide$show=home$s=0

Balance Sheet $type=three$count=6$author=hide$comment=hide$label=hide$date=hide$show=home$s=0

Branch Accounting Entries

In very large scale corporation, products are sold in different countries, states, districts and cities. All this commercial activities can be possible only after making independent branches. For knowing the correct financial and revenue position of each branch, branch accounting is best tool for this. Co-ordination of branch accounts with head office accounts is also necessary. All these things can be done by branch accountant, if he knows to pass branch accounting entries. So, today, we will discuss different branch transactions and its branch accounting entries.

1. When Cash or Bank money is given by head office to branch for operating branch activities.

In the books of branch

Cash/ Bank Account Dr.

Head office Account Cr.

2. When expenses are paid by branch

In the books of branch

Respective Expense Account Dr.

Cash / Bank Account Cr.

3. When expenses are paid by head office

In the books of branch

Respective Expense Account Dr.

Head Office Account Cr.

4. When stock transfer from Head office to Branch

In the books of branch

Stock Account Dr. ( At cost )

Head office Account Cr.

5. When branch transfers cash or bank for any net revenue

In the books of branch

Head office Account Dr.

Cash / Bank Account Cr.

Comments

: 19
  1. Everything is informative, thank you sir.

    ReplyDelete
  2. All Entries as detailed. but i need journal entries for as such branch sold goods to customer. but customer paid the cash directly to head office. i need journal entries for in head office Books and Branch Office Books.

    ReplyDelete
    Replies
    1. In h.o book. Branch a/c Dr cash a/c cr. In branch book. 1.cash a/c Dr. h.o a/c cr 2. Customer a/c Dr cash a/c cr.

      Delete
    2. If customer buys from branch and direct paid to head office, it means, our liability will decrease with same amount

      in the books of branch

      Head office account Dr.

      Sale account cr.

      In the books of head office

      bank account dr.

      branch account Cr.

      Delete
    3. In the book of head office
      Cash ac Dr
      To branchac
      In the books of branch
      Ho ac Dr
      To debtors ac

      Delete
  3. What will be the entry of branch reported a net profit of rs 5400

    ReplyDelete
    Replies
    1. In the books of branch. P&la/c dr. to head office a/c.this profit will be incorporated in head office.vis a versa.

      Delete
    2. If same net profit of branch will transfer to Head office, then

      Head office account Dr.

      bank account cr.

      Delete
  4. What is the accounting treatment if head office give cash to meet initial expenses of the branch at the time of branch opening

    ReplyDelete
    Replies
    1. Same will record like receiving of cash in above transaction and entry.

      Delete
  5. why by company create journal voucher and for which transaction

    ReplyDelete
    Replies
    1. This question is not related to this topic. Ok, I can tell, in tally, when there will no possible to record the transaction in receipt, payment, sale, purchase voucher, then it will be recorded in journal voucher.

      Delete
  6. What is the journal entry for "cash received from ho? Where it is posted in journal or in contrast?

    ReplyDelete
  7. What is the journal entry for "cash received from ho? Where it is posted in journal or in contrast?

    ReplyDelete
  8. Query: In Tally, How we show Head Office A/c in respect of Branch Books where we showing Branch A/c in Branch/Divisions in Tally for Head Office Books. So please suggest me the ledger to show head office account.

    ReplyDelete
  9. Transfer of profit in branch account

    ReplyDelete
  10. Journal entry for "Remittance received from branch "

    ReplyDelete
  11. What will be the journal entry for salaries and wages at branch

    ReplyDelete
In comment, you can give your feedback, reviews, ideas for improving content or ask question relating to written content.

 


Name

access,2,account,86,accountant,95,Accounting,683,accounting definitions,99,accounting ebook,3,Accounting education,85,Accounting Education Ads Help,1,accounting procedure,2,accounting process outsourcing,2,Accounting Software,52,advance,3,advertising,6,africa,7,Amalgamation,6,amendments,16,Amortization,1,announcements,62,Annuity,2,assets,53,audit,47,auditing,41,Australia,2,B.Com.,22,balance sheet,87,bank,111,Bank reconciliation,12,banking,33,basic accounting,110,BBA,1,benefits,13,best,50,bill,12,black money,3,blog,12,bloggers,7,book keeping,4,bookkeeping,3,Branch Accounting - full tutorial,8,budget,35,Budget variance,13,business,65,businessman,9,CA,30,calculator,4,canada,3,capital,72,capital budgeting,27,career,21,cash,40,cash book,8,cash flow statement,11,Chiense,1,children,13,china,6,class,3,coaching,2,coins,2,college,6,commerce,10,commerce students,7,company,36,computer,9,computer accounting,1,conference,4,Contact vinod kumar,1,Control Your Spending,27,corporate accounting,69,cost,160,cost accounting,195,cost center,8,cost centre,1,CPA,2,credit,18,credit card,11,cs,10,currency,35,data,11,Debit and credit,17,debit cards,1,debt,62,debtor,21,degree,6,depletion,2,depreciation,38,Diwali Messages,12,documents,4,dollar,5,domain,3,Downloads,3,Dubai,1,e-accounting,17,earning,17,education,246,Education Loans,6,email,15,employee,4,EPF,2,ERP,7,euromoney,1,examination,7,excel,17,excise duty,6,expenses,65,facebook,7,factor of loan,1,fans,2,feature,32,fifo,5,FII,4,fiji,1,finacle,1,finance,823,Finance Journal Entries,6,Financial,134,financial accounting,147,Financial Statements,4,fire insurance,3,flickr,2,flow,4,forensic,4,forex,21,formula,8,france,1,fraud,6,free,2,fun,34,function,1,fund,48,GAAP,36,GDP,1,gdr,5,germany,1,gold,7,goodwill,4,goodwill accounting,3,google,34,google apps,3,google apps,1,google base,1,google buzz,1,google calendar,1,Google docs,38,google finance,3,google fusion tables,1,google talk,5,govt.,5,GST,33,guide,85,health,6,Hindi,2,Hindi Language,3,history,3,holding company,3,How to treat FBT in Tally 9,1,HRA,3,ICAI,11,ICAWI,3,ICICI Bank,1,IFRS,11,income,17,income statement,19,Income Tax,7,India,57,indian railway,1,Indonesia,1,inflation,4,inflation accounting,3,infographics,8,information,7,inspiration,176,insurance,14,insurance accounting,2,Intangible,3,interest,26,international,7,Internet,40,Introduction of Tally 9,1,inventory,41,investment,135,investment in Shares,6,invoice,3,IT,1,Japan,1,Job costing,4,journal entries,143,Journal Entries eBook Help,4,Kalculate,1,keyboard,3,kuwait,2,laptop,2,law,4,LBT,1,learning,36,lease,5,lecture,11,ledger,17,leducation,1,Leverage Analysis,7,liabilities,16,lifo,3,linkedin,1,loan,74,logical point,1,loss,5,loss of profit,1,M.Com.,5,m.phil,2,malaysia,3,management accounting,129,manual accounting,4,manufacturing account,1,market,11,marketing,3,mastercard,2,material,13,MBA,14,MCA,1,media,4,migration,2,mobile,9,money,61,ms word,3,ms. excel,14,multi currency in tally 9,1,Multicurrency Accounting,3,mutual fund,30,national security,1,new and sacrifice ratio,1,new york times,1,new zealand,1,news,1,NGO,5,nonprofit-accounting,6,North Georgia Mountains,1,Notification,1,NPV,17,NSE,1,odbc,2,office,10,oman,1,online application,2,online accounting,11,Online Accounting Course,5,otcei,1,pakistan,3,parents,3,Partnership,1,pay pal,3,pdf,4,Personal Finance,6,pie chart,1,pie chart of income,2,pnb,5,podcast,1,ppf,1,presentation,10,price,7,privacy policy,2,prof. vinod kumar,13,profit,24,profit and loss account,12,project management,11,provision,14,purchase,9,puzzles,2,quickbooks,2,Quote,22,quotes,42,quotes of svtuition,1,rating agency,2,ratio analysis,34,RBI,7,readers,13,real estate,13,rectification of errors,11,remote control,2,reports,10,reserves,8,responsibility accounting,4,retirement,2,revenue,3,Revenue reserves,2,review,7,risk,11,rupees,9,salary,5,sale,12,SAP,3,saudi arabia,1,saving,19,sbi,9,scholarship,2,school,1,SEBI,13,security,30,service tax,23,share,20,share trading,15,Shares,16,shri lanka,3,singapore,2,sms,6,social accounting,7,society,5,solution,219,South Africa,1,stock,24,stock exchange,22,structure,6,student,39,students,70,study,21,subsidiary company,2,svtuition,14,swiss bank,2,tally,100,tally 9,8,Tally 7.2,8,Tally 9,42,Tally.ERP 9,59,TallyPrime,1,tanzania,2,tax,94,Tax Accounting,30,TDS,15,teacher,62,teaching,112,technology,33,test,40,testimonial,15,testimonials,15,thailand,1,tips,60,trading,5,trading on equity,2,transaction,7,trend,12,trial balance,14,truthfulness,1,tuition,3,twitter,10,UAE,5,UGC - NET Commerce,13,UK,11,United Arab Emirates,1,university,9,usa,25,valuation,9,VAT,22,Video,36,Voucher and vouching,4,Wealth,8,wikipedia,25,working capital,29,youtube,14,
ltr
item
Accounting Education: Branch Accounting Entries
Branch Accounting Entries
Accounting Education
https://www.svtuition.org/2011/01/branch-accounting-entries.html
https://www.svtuition.org/
https://www.svtuition.org/
https://www.svtuition.org/2011/01/branch-accounting-entries.html
true
2410664366776677676
UTF-8
Loaded All Posts Not found any posts VIEW ALL Reply Cancel reply Delete By Home PAGES Contents View All RELATED CONTENTS FOR YOUR LEARNING Topic ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy