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What journal entries are made in the books of the Head Office to incorporate the trial balance of an independent branch?
trial balance of a branch consists of four types of a/cs 1) assets a/cs , 2) expenses a/cs, 3) liabilities a/cs and 4) income a/cs. Journal entries to incorporate all branch trial balance accounts in HO books will be as follows : 1) assets a/cs Dr. To Branch a/c. 2) expenses a/cs Dr. To Branch a/c. 3) Branch a/c Dr. To liabilities a/c. 4) Branch a/c Dr. To incomes a/c.
What journal entries are made in the books of head office to incorporate the trial balance of an independent branch?
vikas
Independent branch accounts?
It is a branch which had able to prepare its own accounts on its books then we say that is an independent branch. Accounts prepared by it is technically called as independent branch accounts.
How do you calculate loading in branch accounts?
Total Sales + Closing Stock - Opening Stock - Goods Sent To Branch
Define branch account?
Account which are opened in the books of head office and branches, related to branches are called branch accounts. The main objective of these accounts is to know the working ability and profit and loss of branches. They also includes the final accounts related to them, by which their financial condition is known.
What journal entries are made in the books of the Head Office to incorporate the trial balance of an independent branch?
trial balance of a branch consists of four types of a/cs 1) assets a/cs , 2) expenses a/cs, 3) liabilities a/cs and 4) income a/cs. Journal entries to incorporate all branch trial balance accounts in HO books will be as follows : 1) assets a/cs Dr. To Branch a/c. 2) expenses a/cs Dr. To Branch a/c. 3) Branch a/c Dr. To liabilities a/c. 4) Branch a/c Dr. To incomes a/c.
What journal entries are made in the books of head office to incorporate the trial balance of an independent branch?
vikas
When was West Branch - journal - created?
West Branch - journal - was created in 1977.
Independent branch accounts?
It is a branch which had able to prepare its own accounts on its books then we say that is an independent branch. Accounts prepared by it is technically called as independent branch accounts.
What are the Accounting entries for branch accounts?
DR investments in branch Cr cash cash sent to branch and also if the problem uses the periodic inventory system it uses the ff: HOME OFFICE BOOKS BRANCH BOOKS DR investment in branch xxx DR shipments from HO xxx CR shipments to branch xxx CRHO xxx ****** shipping of merchandise
What branch of government keeps its records in a journal?
secratary
How do you calculate loading in branch accounts?
Total Sales + Closing Stock - Opening Stock - Goods Sent To Branch
Which natwest branch has sort code 602253?
NatWest Birmingham Attwood House - a "virtual branch" originally for staff accounts.
Define branch account?
Account which are opened in the books of head office and branches, related to branches are called branch accounts. The main objective of these accounts is to know the working ability and profit and loss of branches. They also includes the final accounts related to them, by which their financial condition is known.
Which Barclays bank branch has Sort Code 20-44-26?
It's the branch which deals with ISAs (Individual Savings Accounts).
What branch must keep a journal of its proceedings?
The legislative branch of the United states government keeps a detailed record of its proceedings & debates, it is called the Congressional Record.
Under stock and debtors system branch profit is ascertained by opening account?
Instead of opening of one branch a/c separate accounts are opened for various transactions at branch.
