Question

explain the role of head office in branch accounts​

Answer 1

Answer:

The result of the operation, i.e., profit or loss, is ascertained by Head Office. In other words Head Office maintains and opens a Branch Account in its book in order to find out the result of the operation. Branches supply some related information to the Head Office, i.e., position of cash, debtors stocks, etc

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Answer 2

Branch Accounting is a system in which separate books of accounts are maintained for each branch. These branches are divided as per geographical locations, and each branch has its profit centers.
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