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Briefly explain Branch Accounts |
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Answer» The Basics of Branch Accounting In branch accounting, each branch (defined as a geographically separate operating unit) is TREATED as an individual profit or cost CENTER. Its branch has its own account. ... Technically speaking, in bookkeeping terms, the branch account is a TEMPORARY or NOMINAL ledger account. HOPE IT HELPS YOU..... FOLLOW ME.... ✌✌ |
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