What are the rules for making accounting records of dependent branches
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Explanation:
Account holders System.
Stock and Debtors System.
Last Account System.
Discount Branch System.
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The most important rule for making accounting records of dependent branches is following the same pattern and rules while recording the financial transactions in the various books of accounts.
- All the financial transactions are recorded in a detailed manner which is then posted into the respective accounts.
- Many big forms have various journals which are similar to the normal journal but are divided into various books called the subsidiary books.
- There are newly 8 subsidiary books known as cash book sales books for purchase book return in words books written out words book payable book bills receivable books and journal proper.
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