Hey, I couldn't find the answer to this question "What are three systems of maintaining the accounts of a dependent branch and describe how in profit " ?
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Therefore, the system can be called Debtors System or One Account System. The excess of the credit over its debit represents a profit or vice-versa, and is transferred to General Profit and Loss Account of Head Office. Branch Account is prepared in the books of Head Office and is a Nominal Account.
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