Question

Nature of branch adjustment account

Answer 1

Hey dude your answer is

Branch Adjustment Account Definition: Branch adjustment account is prepared with a view to ascertain the gross profit of the branch.

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Answer 2

Nature of the branch adjustment account is to analyze the the gross profit.

- This factor plays a very vital role to analyze the specific financial positions and the revenue positions of each and every particular branch.

- Gross profit is calculating by evaluating the difference between both the sides of the account.

- It's classified in two types , i.e , dependent branch adjustment and independent branch adjustment.