Accountancy, asked by pahilajsachdev3, 3 months ago

Branch aaccount under Debtors system is

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Answered by maheshsingha553

1

Answer:

Branch Account under Debtors System is a Real Account. ... When the Branch Manager is allowed petty cash on Imprest System, the amount remitted by Head Office to reimburse the actual expenses will be debited to the Branch Account. 10. Branch Account is a nominal account in nature and is prepared in the Branch Books.

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