Accountancy, asked by PraveenaMulakala, 6 months ago

what are the three system.of maintaining theaccounts of a dependent branch and describe how is profit ascertained under each system? Explain how branch stock account helps in keeping effective control over the branch stock ?

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Under this system the Head Office opens one Branch Account to record various transactions with the Branch. Branch Account is maintained in the form of a Debtor Account. ... The excess of the credit over its debit represents a profit or vice-versa, and is transferred to General Profit and Loss Account of Head Office.

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what are the three system.of maintaining theaccounts of a dependent branch and describe how is profit ascertained under each system? Explain how branch stock account helps in keeping effective control over the branch stock ?​

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what are the three system.of maintaining theaccounts of a dependent branch and describe how is profit ascertained under each system? Explain how branch stock account helps in keeping effective control over the branch stock ?