Question

write a short note on stock and debtors system of branch accounting
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Answer 1

Important Terms  Branch Stock It is unsold goods at a Branch at the beginning/end of the year.  Branch Debtors These are debtors of the branch.  Goods Sent or supplied to Branch It is the goods supplied by the Head Office to its Branch for sale.

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Answer 2

Answer:

In addition, documents generated specifically to illustrate the success of various sites may be referred to as "branch accounts," with the accounting records in fact being kept at the corporate office.

Explanation:

Debtors' system of branch accounting

In a manner similar to how customers' accounts are handled, branch accounts are credited with all remittances and returns and debited with the goods delivered and all expenditures paid by head office. In light of this, the system may also be known as the Debtors System or the One Account System.

Stock system of branch accounting

Instead of opening one branch account, the Analytical strategy opens many accounts in the books of the head office. It is possible to impose more oversight on the branch's financial activities by opening detailed accounts of multiple transactions. This account contains the gross profit transferred from the Branch Adjustment Account, the cost of excess inventory, or any revenue, and it is debited for all branch expenses, depreciation, and the cost of anomalous stock loss.