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Presented by- Afsar Ali 82
Pawan 85
Pooja 86
Sashi 98
Ravi 108
contents
 Introduction
 Different types of branches
 Home branches
 Foreign branches
 Important branch
 Method of ke...
Branch
 A trading company may try to
expand its business by opening
BRANCHES as another
establishment of the company in
d...
TYPES OF BRANCHES
HOME
BRANCHES
FOREIGN
BRANCHES
DEPENDENT
BRANCHES
INDEPENDENT
BRANCHES
HOME BRANCHES
When a branch is opened in the same country
where the head office is registered, it is called
a home branch....
Various types of branches
 branch selling only for cash.
 branch selling both for cash and
credit.
 goods invoiced to b...
IMPORTANT TERMS
1. INTER-BRANCH TRANSACTIONS- When a
branch sends goods or cash to another branch, it
is called inter-bran...
GOODS IN TRANSIT: When the goods sent by
head office are not received by the branch till the
date of closing of books of a...
THERE ARE THREE METHODS OF KEEPING
ACCOUNTS OF DEPENDENT BRANCHES:
• DEBTORS SYSTEM
• FINAL ACCOUNT SYSTEM
• STOCK AND DEB...
This system is used for branches of small size.
Under this method the head office prepares a
‘branch account’ separately f...
Under this system the profit or loss
made by the branch is ascertained by
preparing the ‘branch trading and
profit & loss ...
In this system the main account to be kept is
the branch account to ascertain the profit
and loss made at the branch. Ther...
Branch accounting
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Branch accounting

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Branch accounting

  1. 1. Presented by- Afsar Ali 82 Pawan 85 Pooja 86 Sashi 98 Ravi 108
  2. 2. contents  Introduction  Different types of branches  Home branches  Foreign branches  Important branch  Method of keeping accounts of dependent branches
  3. 3. Branch  A trading company may try to expand its business by opening BRANCHES as another establishment of the company in different locations… 3
  4. 4. TYPES OF BRANCHES HOME BRANCHES FOREIGN BRANCHES DEPENDENT BRANCHES INDEPENDENT BRANCHES
  5. 5. HOME BRANCHES When a branch is opened in the same country where the head office is registered, it is called a home branch. Home branch are of two types- (a) Dependent branches- The branch that do not maintain a complete record of its transactions are called ‘Dependent branches’. (b) Independent branches- Independent branches are those branches which maintain a complete record of its transactions.
  6. 6. Various types of branches  branch selling only for cash.  branch selling both for cash and credit.  goods invoiced to branch at a higher than the cost. Branch maintaining independent account.
  7. 7. IMPORTANT TERMS 1. INTER-BRANCH TRANSACTIONS- When a branch sends goods or cash to another branch, it is called inter-branch transactions. 2. Accounting treatment: The best way to deal with inter-branch transactions is to record these transactions by the concerned branches through the head office.
  8. 8. GOODS IN TRANSIT: When the goods sent by head office are not received by the branch till the date of closing of books of accounts, those goods are called goods in transit CASH IN TRANSIT: It is quiet common that the head office and the branch send cash to each other at regular intervals.
  9. 9. THERE ARE THREE METHODS OF KEEPING ACCOUNTS OF DEPENDENT BRANCHES: • DEBTORS SYSTEM • FINAL ACCOUNT SYSTEM • STOCK AND DEBTOR SYSTEM
  10. 10. This system is used for branches of small size. Under this method the head office prepares a ‘branch account’ separately for each branch. Branch account is a nominal account which gives us the profit or loss made at branch.
  11. 11. Under this system the profit or loss made by the branch is ascertained by preparing the ‘branch trading and profit & loss account….
  12. 12. In this system the main account to be kept is the branch account to ascertain the profit and loss made at the branch. There is another method is known as stock and debtor system….

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