Accountancy, asked by ssomyaranjan001, 3 months ago

method used by head office in branch account

Answers

Answered by Jigyashaa1971

Explanation:

Entries in Branch Books:

The first is to transfer all accounts to the head office account-separate entries being passed for revenue items and for assets and liabilities. The second method is to prepare the Trading and Profit and Loss Account and then to transfer the net profit or net loss to

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