Question

what are the objective of branch accounting? please answer me it's a important

Answer 1

(1) To know the profit or loss of each branch
(2) To know the financial position of each branch
(3) To control the activities of the branch
(4) To find out the requirement of goods or cash for each branch
(5) To provide concrete suggestions for the improvement in the working of different branches
(6) To compare the performance of one branch with that of another branch
(7) To meet the statutory requirements

Answer 2

1) To keep systematic record of business transaction.
2) To calculate profit or loss of the business.
3) To depict the financial position of the business.
4) To provide informations to various parties.
5) To fulfil the legal requirement.
6)To provide information about various tax liability.
7) To check the accounting error prouds of funds.
8) To determine the price of the product.