Question

What are the rules for making accounting records of dependent branches

Answer 1

Explanation:

Account holders System.

Stock and Debtors System.

Last Account System.

Discount Branch System.

Answer 2

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.