Question

Difference between dependent and independent branch

Answer 1

Answer:

An independent branch can operate separately from any other branch and is not reliant on anyone for the results. 1. Dependent branch accounting :- When the policies and administration of a branch are totally controlled by the head office who also maintains its accounts the branch is called dependent branch. 2

Explanation:

Answer 2

There are three different types of branches.

• Dependent Branches: Branches do not keep the full system of accounting and touch competition of business. Such Branches sell only to those places where they can receive from the head office.
• Independent Branches: Branches which keep a full system of accounting for host and home branches. These branches are also treated as single and independent branches.
• Foreign Branches: Branches that are located in a country other than the home country. It follows all the regulations of both the home and host countries. Branch supplying goods at invoice price and credit both pay its balance to pay its expenses.