Question

Briefly explain the branch accounts?

Answer 1

branch account is a account system in which seperate accounts are maintained for each branch of a corporate entity or organization. the primary objectives of branch accounting are accountability and control, since profitability and effiency can beclosely tracked at the branch level

Answer 2

it is an accounting system in which separates accounts are maintained for each branch of a coporate entity or organization. the primary objectives of branch accounting are better accountability and control since profitability and efficiency can be closely tracked at the branch level.
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