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Friday 24 February 2012

BRANCH ACCOUNTING

Branches are the various divisions of a business located in different places.
A business concern is often split into many parts or divisions.Such parts may be departments or branches.In case various divisions are located under the same roof or in the same building,they are called departments.When various divisions of the business are located in different places , in the same city or different cities, they are called branches.In such a case the main place of  business is known as head office and its subsidiary units are known as branches.

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