Accountancy, asked by johnybivar, 1 year ago

what is branch accounting?​

Answers

Answered by Raghuroxx
2

Answer:

Branch accounting:- Branch Accounting is a system in which separate books of accounts are maintained for each branch. These branches are divided as per geographical locations and each branch has its own profit center and cost center. In this accounting system, separate Trial Balance, Profit & loss statement and balance sheet are prepared by each branch.

Explanation:

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Answered by asthakante
0

Answer:

Account which are opened in the books of head office and branches, related to branches are called Branch account.

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