Question

Under the 'debtors' method, closing balance
in the branch account indicates​

Answer 1

Answer:

Closing balance: the net closing balance of the branch A/c (assets – liabilities ) indicates the amount due from the branch as a debtor of H.O. at the end of the year. ... Profit: it the credit totals is more than the debit total, it indicates the profit made by the H.O. from that branch.