Question

The system of keeping accounts generally adopted by small size branches are:

Answer 1

Answer:

Final Account System Stock & Debtor System (Analytical Method) 33. W holesale Branch System Debtor System 34. This system is also called synthetic methods, is adopted generally in those brancheswhich are fairly small in size. Under this system, the head office 35.

Explanation:

Answer 2

Complete question:

The system of keeping accounts generally adopted by small size branches are:

A. debtors system

B. stock & debtors system

C. wholesale branch system

D. final account system

The system of keeping accounts generally adopted by small size branches are A. debtors system.

Debtors system:

"Under this system the Head Office opens one Branch account to record all the transactions with the Branch. The Branch account is maintained in the form of Debtors account."

Debtors system of accounting:

• The Debtors system of accounting is suitable for the small sized branches. Under the Head office ledger, each branches are started with a Branch account.
• This Branch account keeps track of all the transactions. This Branch account also has the capacity to disclose and provide with the details on the profit and loss of the particular branch.
• The Branch account of the particular branch acts as a Nominal account by including all profits, loss, incomes and expenses. The Head office send goods to the brances under 'cost price' or 'selling price' of the goods.