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Branch ac's

Accountancy

Sir, In branch accounts- illustration 1 i.e, buckingham bro's- wn_2 why did u take petty cash expenses in the credit side also,, if it is in the closing balance it means the petty cash is with the branch it self right

Anusha narayana

CA Inter

★ 2K+

30-Nov-20 15:46

585

Answers (2)

Opening balance - closing balance is the net expense.

CA Suraj Lakhotia

Admin

30-Nov-20 16:40

Thank you sir

Thread Starter

Anusha narayana

CA Inter

★ 2K+

30-Nov-20 17:47