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Here why should we record in cash account? If HO directly paid the expenses.

Sugam SM

CA Final

★ 9K+

25-Oct-22 17:30

415

Answers (8)

We should record it since it is incurred for the branch . We always record everything which is incurred for branch

Shankari C

CA Inter

★ 12K+

25-Oct-22 23:05

Is it recorded in cash account?

CA Suraj Lakhotia

Admin

26-Oct-22 11:14

CA Suraj Lakhotia Admin

Is it recorded in cash account?

Yes sir. Its like duplication of work. Sending money to branch and branch paying it. But in question it's stated that branch exp are directly paid by HO. Although there is no effect, can't we do the other way?

Thread Starter

Sugam SM

CA Final

★ 9K+

26-Oct-22 14:41

Can you share the full image

CA Suraj Lakhotia

Admin

26-Oct-22 14:42

CA Suraj Lakhotia Admin

Can you share the full image

IMAGE OF QUESTION OR SOLUTION OF WHAT SIR DID?

Thread Starter

Sugam SM

CA Final

★ 9K+

26-Oct-22 20:22

Thread Starter

Sugam SM

IMAGE OF QUESTION OR SOLUTION OF WHAT SIR DID?

Solution.

CA Suraj Lakhotia

Admin

28-Oct-22 14:40

Cash a)c

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Thread Starter

Sugam SM

CA Final

★ 9K+

28-Oct-22 15:29

Thread Starter

Sugam SM

Cash a)c

You can exclude that and do as well

CA Suraj Lakhotia

Admin

31-Oct-22 12:14