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Branch Accounting Theory

Branch accounting refers to an accounting system that provides for separate record keeping for the transactions of branches of a business located in different areas. There are three main types of branches: dependent branches, independent branches, and semi-independent branches. Dependent branches are branches that keep minimum accounts and their transactions are recorded in the head office accounts. Dependent branches generally depend on the head office for funds and operational guidance. The objectives of branch accounting include maintaining separate records for each branch and exercising proper control over branch operations.

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Firdose
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992 views

Branch Accounting Theory

Branch accounting refers to an accounting system that provides for separate record keeping for the transactions of branches of a business located in different areas. There are three main types of branches: dependent branches, independent branches, and semi-independent branches. Dependent branches are branches that keep minimum accounts and their transactions are recorded in the head office accounts. Dependent branches generally depend on the head office for funds and operational guidance. The objectives of branch accounting include maintaining separate records for each branch and exercising proper control over branch operations.

Uploaded by

Firdose
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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5-06-2o12

chancias
Po:

UNT 3: BRENCH HcroUNTS


MEANING OF BRANCH -9MAeod elocatung_all the depasbmenta
wndtude bame noo a lange acale Juhnew conem May_ exgloe_dhu
gaikalty e uisines Duy poninga Maumberections,dauiios
e eAtabeenh in dalee pash dhe_kounty Auch cdaisous ave
coWed huoanches.

MEANING OF BRANCH ACCoUNT- Btanch Acout is a lemponay_p


Mowinad ledgea acco, lahg a denignaled accouabig jeued
Baonch Accouw ida olkeeping Aysker ia uieh Aeperake accouni_aue kypt
eAch anch s opexaling acauon _AQOnwzakor.. Iu_Bch acoun
all Xk uasnckes_and head e 0te seaed oa a_epesale entl and
AcLRNding uoks Qccunb a1e Mainlained.

MEANING_OF BRANCH AcoUN TING- BaMch Accounlug a


acLounhng Aystem ha_poudes lolk keoping_slüakegjes a_dhe. buanchau
a m _ Juusineas dhot oue Oatallishedi in_den aaeas
èapandlingdu toweaage and aalek soM dhe kusins, uha each
BAonckhaked.ab a_dufuent onlity d dueni kes acton
A mauntained dhem ddiudual
O8TECTIvES OF BRANCH AccoUNTNG
o aautain due. uok each unck Aepakat
tAtain dhe ial huanial poaton dhe Jaancke
m exeAcie upea_Conliol uduc tanck
o aMEAL he pugek d saudone d ach anc
nOdhe tash and godh eouiLem_eadh konch.
ADVANTAGES OF 88ANCH ACCouNTNG
els d aMetane e let and:áess ofeoch lanch
8 Aotps b kuoww
dhe debtosa, iHuenahy and Cah enkou d
each uanck
i9t Aelpp o asceslau dhe uJages balaay, Aeni ond olhes euponun d
tach xonch epazalels
eeaake aCounluaeach Buanch helps_do make decikie
Occding do kuanch Aequiermen
v) ea_o duak he punges and pepeumange each Auanh
hodps o ontiol de cuehall uanch opetaluon

TPES OF BRANCHES

NPES OE BRANCHES

1Rependen Banches
Bunces ot keepwg

2. Sndepondn kandes
Bunces kepig dhe
Lll aydoriaCL
3. onean Biancker
DEPENDENT BRANCHES Repanden Branches aue dhele sancke
wih aAt keping a beponake Det Aooka aCCouns o dh
eLn dw. duomaacions Cownecked id dhe Buanch ae ecoadled e

owly Ach Abck Reqjites Oebto's legölaahA Mecods_do not conke


BonkAcauns Dependext banckes goeAaly depend upot dhe Head Maa A
gpoda meg da day a-dau onpewmeaand gereal oialand dudion.Loletle
il Ae9eiled.al Had e iwecdiokdya doyeriled ih aBauk e mpudinda a
Mad
chanda
Pg

>FEATURES OF DEPENDENT RRANCHES


heseaanchea ale genexally_uat_albwed h make_puuchase inokpendeulla

adwrethomeak ek. ase paid ly da kaad siny clequs.


Aales ale_aequled d a vdade y_da hancde iku Cak
Ctedi
Shere Jacwncher 0e 9e9uied. o depat daeii cak ake_poreds_and. coh
DAleched kuy dhm som Oekus_iah lacal anky b dhe udit lead e

whex haanckes do nat kep_Conwphek as kaokes


Mee_ lagmches_do not kup ell ak ol accomh dhis aCCPuNh ue_Mainanes,

DERTOR'S_SYSTEH- Undeshis Ayslem_dhe Head ee opons mly me atoun


Ach Banth caled_a _Branck Acount ukuth u a oial atauw
MMalise And wkach BeReJ_dhe_pupode lnh a unning_aCCoant
when du Head. gka nd e bamth a ell a_et nd le e.
ash
peging h_delut nde de anch hcount,dhe goodsand
ogening_dale_and _p2tiy_
BAanch, in adodihon_o_dhe vasuouw AMes om do
end
dhe side eash aecavedWhun el. Dnd de aQMeh at de

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