Accountancy, asked by safiyafatema048, 3 months ago

under debtors system the brach account is?

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Answered by atchayadevendiran123

1

Answer:

Branch Account under Debtors System is a Real Account. ... When the Branch Manager is allowed petty cash on Imprest System, the amount remitted by Head Office to reimburse the actual expenses will be debited to the Branch Account. 10. Branch Account is a nominal account in nature and is prepared in the Branch Books

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