Question

Difference between branch and depaetmental accounts 10 maeks

Answer 1

Answer:

The difference is shown below:

Explanation:

Branch Accounts

1. It is performed or conducted in different parts of the country under office dealing head and usually with same activity line.

2. In this the allocation of the common expenses does not happen.

3. It is condensation of the accounts.

4. It presents the results of trading for each individual branch.

Departmental Accounts

1. The departmental trading is performed or conducted with their Head Office under the same roof but each department have separate activity line.

2. In this the allocation of the common expenses is the main consideration.

3. It presents the results of trading for each individual departments.

4. It is a segment of accounts.