Question

Explain objects of Branch Accounting.​

Answer 1

Answer:

Home What are the objectives of Branch Accounting? The main object of keeping branch accounts is dependent on the nature of the business and specific need of a particular branch. The objectives of keeping the branch accounts acceptable to all business are (i) To know the profit or loss of each branch separately.

Answer 2

Explanation:

The objectives of keeping the branch accounts acceptable to all business are

(i) To know the profit or loss of each branch separately.

(ii) To ascertain the financial position of each branch on a particular date. (

iii) To know the profitability of each branch and type of business for expansion of the business.