Question

(b) What is the independent branch? How are the accounting records of such branch incorporated in the books of head office?

Answer 1

Explanation:

• Answer: Explanation: Independent Branch, like the Head Office, keeps all its records separately and independently on Double Entry System. Dependent Branches are those with little power and depend on Head Office for their supplies and expenses and is like a Minor Son.

Answer 2

Independent Branch, like the Head Office, keeps all its records separately and independently on Double Entry System. Dependent Branches are those with little power and depend on Head Office for their supplies and expenses and is like a Minor Son.

Independent Branches are those which make purchases from outside, get goods from Head Office, supply goods to Head Office and fix the selling price by itself Thus an independent Branch enjoys a good amount of freedom like an American Son.