(1) Branches are units physically separated from the head office
(2) Generally there is only one branch at one place
(3) Most of the branches deal in the same type of goods or in the same line of business
(4) Head office makes capital investment for the branches
(5) The whole profits of the branches go to the head office
Saturday 25 February 2012
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.
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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