Accounting for branches

Accountancy

In this question why aren't we crediting receipts from sundry debtors to branch p and l account.

Niveta Rajkumar

CA Inter

★ 6K+

23-Jul-24 18:31

405

Answers (1)

Best Answer

Because it forms part of branch stock account which is credited to the branch profit and loss account

Sujitha M

CA Inter

★ 1K+

24-Jul-24 05:02