Question

Accounting System of Independent Branches

Answer 1

When the Branches are dependent, theaccounting for such Branches is done at Head Office itself and therefore the incorporation of Branch results is relatively simple. ... Independent Branch, which has its own accounting system 'prepares a Trial Balance and sends a copy of it to the Head Office.

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Answer 2

When the Branches are dependent, the accounting for such Branches is done at Head Office itself and therefore the incorporation of Branch results is relatively simple. ... Independent Branch, which has its own accounting system 'prepares a Trial Balance and sends a copy of it to the Head Office.