Accountancy, asked by jangidkareena2003, 1 day ago

Branch debtors account and debtors system both are same or different ?????

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Answered by p963096

Answer:

Branch Account is maintained in the form of a Debtor Account. ... Therefore, the system can be called Debtors System or One Account System. The excess of the credit over its debit represents a profit or vice-versa, and is transferred to General Profit and Loss Account of Head Office.

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