Branch account under stock and debtors
method is a
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Branch account under stock and debtors method is a Real Account.
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Under the Debtors System, the profit or Joss can be found out by preparing a Branch Account in the books of Head Office. The Branch Account has been treated as a customer, a personal account in an impersonal name. ... Under Stock and Debtors System, the Head Office maintains several accounts relating to each Branch
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