Distinguish between departmental accounts and branch accounts
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The main differences between a Branch Account and a Department Accounts are: Sl. ... Points Branch Accounts Departmental Accounts 1 Allocation of expenses In case of branch accounting allocation of common expenses does not arise.
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Departments are the result of fast human life. 3. Branches are geographically separated. ... To find out the net result of the organization, the reconciliation of different branchaccount is a main job.In departmental accounting, no reconciliation is necessary because there is a central account division.
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