Question

How many methods are there for incorporating the branch balances
in the books of head office?
​

Answer 1

Answer:

please search in Google

Explanation:

I don't the answer

Answer 2

Answer:

There are 2 methods to incorporate the branch balances in the books of head office.

Explanation:

In the first method, a trading, profit and loss account is created. Liabilities, Profit/Loss and Assets are incorporated via the branch account. Therefore in either case like gross loss or net loss, the account will be reversed.

The second method, only the net profit/loss is transferred in the head office books. Neither Assets nor Liabilities will be incorporated. This method is recommended when only the profit or loss is given.