Does HO show branch profits & losses in its P&L a/c before consolidation?
Vishal Mittal
CA Inter
★ 4K+
21-Dec-22 11:07
305
Answers (1)
No, head office does not show branch profit or loss in its P&L account.
Even in case of dependent branch, head office records all the transactions in its books creation separate branch accounts but not in its ledgers.
