Account which is prepared in the books of head office related to branch to ascertion branch profit or loss are called branch Account and to record. The Transacetions in the bppk of head office related to branch account is called Branch Accounting.
To help in controlling branch activites.
2. To ascertain the profit or loss each branch separately.
3. To ascertain the financial position of each branch at the end of the accounting period.
4.To arress the progress and performance of each branch.
5. To ascertain the requirement of stock and each for each branch.
6. To ascertain whether the branch should be expanded or closed
4. III – TYPES OF BRANCH
Branch
Home Branches Foreign Branch
Dependent
Branches
Independent
Branches
Branch Selling of
Cash Only
Branch Supplied
goods at invoice
price
Branch Selling of
Cash and Credit
5. IV – ACCOUNTING PROCEDURE
OF DEPENDENT
A)Debtors or Direct
Method.
B) Final Accounts Method.
C) Stock and Debtors
Method.
D)Wholesale Price Method
