Question

Briefly explain branch Accounts

Answer 1

Explanation:

Branch accounting is a bookkeeping system in which separate accounts are maintained for each branch or operating location of an organization. ... The primary objectives of branch accounting are better accountability and control since profitability and efficiency can be closely tracked for individual locations.

Answer 2

$\tt\green{Answer:}$

Branch accounting is a bookkeeping system in which separate accounts are maintained for each branch or operating location of an organization. ... However, branch accounting usually refers to branches keeping their own books and later sending them into the head office to be combined with those of other units.

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