3. THRISSUR Different branches of kalyan silks in kerala
KANNURKozhikode 3/19/20153 www.iimek.com
4. Meaning of branch ; types of branches Accounts of dependent
and independent branches Methods of maintaining accounts of
dependent branches: Debtors system, stock and debtors system, Final
account system and wholesale branch system 3/19/2015www.iimek.com4
Topic covers
5. A segment of business The chain of shops functioning in
different localities under the control of the head office.
3/19/20155 www.iimek.com BRANCH
7. Dependent Branch 3/19/2015www.iimek.com7 Branches not
keeping its own accounting records Branch depends entirely on the
head office. It sells goods received from the head office
8. Branches maintain complete books of accounts under double
entry system. It follows its own sales policy. Independent branches
3/19/20158 www.iimek.com
9. 3/19/20159 www.iimek.com Foreign branches
10. 3/19/201510 www.iimek.com
11. Debtors system 3/19/201511 www.iimek.com Ok .Friends, but
this is applicable in small branches. You know, here head office
prepare Branch A/c for each branches.
12. Stock and debtors system 3/19/201512 www.iimek.com What are
they? Please tell me.. Here different accounts are prepared.
13. Stock and debtors system 3/19/201513 www.iimek.com Branch
stock account, Branch debtors account Goods sent to branch A/c,
Branch cash A/c, Branch fixed asset A/c Branch Expense account,
Branch adjustment account Thank you..
14. 3/19/201514 www.iimek.com Final account system Here,
Memorandum Branch trading and Profit & Loss A/c is prepared
Here, goods are invoiced to the branch at wholesale price.
Wholesale Branch system
