Accountancy, asked by priyankarathore57621, 10 hours ago

Prepear branch account in the books of head office for the year 2020

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Answered by lechusunitha123

Answer:

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 the head office account.

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