Question

briefly explain branch accounts​

Answer 1

Answer:

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Explanation:

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. Though there are eight branches of accounting in total, there are three main types of accounting, according to McAdam & Co. These types are tax accounting, financial accounting and management accounting.