Ledger entries for goods transfer - Accounts

At the Year we need to prepare consolidated financial statements

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first we need to make sure that Branch A/c balance in HO books and HO A/c balance in Branch books tallied..

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Once it is done it is very easy to consolidate financials..All Assets of branch to be Added to HO Assets, and All LIABILITIES OF BRANCH CAN BE ADDED TO HO LIABILITIES..

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After passing such final entries in the books of HO Branch Account balance Comes to Zero

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