English, asked by sushidasam, 1 year ago

Briefly explain Branch Accounts​

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Answered by parul89
4

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The Basics of Branch Accounting

In branch accounting, each branch (defined as a geographically separate operating unit) is treated as an individual profit or cost center. Its branch has its own account. ... Technically speaking, in bookkeeping terms, the branch account is a temporary or nominal ledger account.

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