Question

Briefly explain the branch accounts?​

Answer 1

Answer:

Branch Accounting is a system in which separate books of accounts are maintained for each branch. These branches are divided as per geographical locations and each branch has its own profit center and cost center.

Explanation:

Answer 2

Answer:

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.