Question

Explain the types of branch accounting in detail?

Answer 1

branch accounting is two types.. 1. dependent. 2. independent.. dependent branch = this branch is depend on head office... all the work is done by head office.. their account is made head office nd without head office permission nothing is possible in dependent branch..
independent branch.. = this branch is depend on itself.. all the work is done its own responsibily...nd also foregien branch is made in independent branch.. foregien branch is conect with inland and outland.. this branch work between out of city and country..