What is dependent branches and independent branches
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Explanation:
Dependent branch accounting :- When the policies and administration of a branch are totally controlled by the head office who also maintains its accounts the branch is called dependent branch. Independent branch:- When the size of the branches is very large their function become complex.
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ᴅᴇᴘᴇɴᴅᴇɴᴛ ʙʀᴀɴᴄʜᴇs :-
ᴡʜᴇɴ ᴛʜᴇ ᴘᴏʟɪᴄɪᴇs ᴀɴᴅ ᴀᴅᴍɪɴɪsᴛʀᴀᴛɪᴏɴ ᴏғ ᴀ ʙʀᴀɴᴄʜ ᴀʀᴇ ᴛᴏᴛᴀʟʟʏ ᴄᴏɴᴛʀᴏʟʟᴇᴅ ʙʏ ᴛʜᴇ ʜᴇᴀᴅ ᴏғғɪᴄᴇ, ᴡʜᴏ ᴀʟsᴏ ᴍᴀɪɴᴛᴀɪɴs ɪᴛs ᴀᴄᴄᴏᴜɴᴛs, ᴛʜᴇ ʙʀᴀɴᴄʜ ɪs ᴄᴀʟʟᴇᴅ ᴀ ᴅᴇᴘᴇɴᴅᴇɴᴛ ʙʀᴀɴᴄʜ.
ɪɴᴅᴇᴘᴇɴᴅᴇɴᴛ ʙʀᴀɴᴄʜᴇs :-
ɪɴᴅᴇᴘᴇɴᴅᴇɴᴛ ʙʀᴀɴᴄʜᴇs ᴀʀᴇ ᴛʜᴏsᴇ ᴡʜɪᴄʜ ᴍᴀᴋᴇ ᴘᴜʀᴄʜᴀsᴇs ғʀᴏᴍ ᴏᴜᴛsɪᴅᴇ, ɢᴇᴛ ɢᴏᴏᴅs ғʀᴏᴍ ʜᴇᴀᴅ ᴏғғɪᴄᴇ, sᴜᴘᴘʟʏ ɢᴏᴏᴅs ᴛᴏ ʜᴇᴀᴅ ᴏғғɪᴄᴇ ᴀɴᴅ ғɪx ᴛʜᴇ sᴇʟʟɪɴɢ ᴘʀɪᴄᴇ ʙʏ ɪᴛsᴇʟғ ᴛʜᴜs ᴀɴ ɪɴᴅᴇᴘᴇɴᴅᴇɴᴛ ʙʀᴀɴᴄʜ ᴇɴᴊᴏʏs ᴀ ɢᴏᴏᴅ ᴀᴍᴏᴜɴᴛ ᴏғ ғʀᴇᴇᴅᴏᴍ ʟɪᴋᴇ ᴀɴ ᴀᴍᴇʀɪᴄᴀɴ sᴏɴ.
hope it helps you ✌️✌️
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