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Branch account

Accountancy

Does Branch profit is recorded as other income In statement of profit and loss of schedule 3 Or branch account is consolidated with the head office books?

Atharv Sankliya

CA Final

★ 3K+

05-Feb-24 14:02

212

Answers (3)

Consolidated

CA Suraj Lakhotia

Admin

05-Feb-24 14:05

CA Suraj Lakhotia Admin

Consolidated

So sir in notes to account does we have to disclose the fact that out of purchase x amount is of branch and out of this ppe ,xyz is of branch or not?

Thread Starter

Atharv Sankliya

CA Final

★ 3K+

08-Feb-24 17:12

No. Not required

CA Suraj Lakhotia

Admin

09-Feb-24 19:02