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Tuesday 10 April 2012

OBJECTIVES OF BRANCH ACCOUNTS

(1) To know the profit or loss of each branch
(2) To know the financial position of each branch
(3) To control the activities of the branch
(4) To find out the requirement of goods or cash for each branch
(5) To provide concrete suggestions for the improvement in the working of different branches
(6) To compare the performance of one branch with that of another branch
(7) To meet the statutory requirements 

17 comments:

  1. Objectives of accounting in any business is to systematically record transactions, and prepare financial statements.

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  4. nice objectives for understanding

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