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What are the methods of Accounting for Branch?

branch accounting income statement


What are advantages and disadvantages of branch accounting?

advantages of branch accounting


How an accounting system use in bank?

An accounting system is used in bank for various purposes. The system will help in basic bookkeeping of the bank's accounts and reconcile all transactions among other accounting functions.


What are the basic accounting concept and their implication?

basic concepts of accounting


What are three basic activities of accounting?

What are the Basic Activities of accounting?


Is accounting a branch of science?

Although it uses some mathematics, accounting is a branch of economics.


What are types of branch accounting?

Dependent Branch Independent Branch Foreign Branch


What is inflationary accounting?

The branch of accounting which deals with the transactions of inflation.


Cost accounting and financial accounting?

Financial accounting refers to the branch that prepared financial reports (known as financial statements) that are for general use. Primarily however, they are prepared for external users (owners, investors, government, suppliers, creditors). The goal of financial accounting is to provide financial statements that follow generally accepted accounting standards or GAAP. Cost accounting is the branch that focuses on manufacturing costs, i.e. direct materials, direct labor, and factory overhead. It is often considered part of management accounting, the branch that provides information for internal purposes and focuses on helping management make decisions instead of strictly complying with GAAP. Cost accounting deals with manufacturing concerns.


What are the 13 basic features of financial accounting?

13 basic features of financial accounting?


What are the major classifications of accounting?

Financial accounting refers to accounting refers to accounting for revenues, expenses, assets, and liabilities. It involves the basic accounting processes of recording, classifying, and summarizing transactions. - Cost accounting is the branch of accounting dealing with the recording, classification, allocation, and reporting of current and prospective costs. - Managerial accounting is the branch of accounting designed to provide information to various management levels in the hospitality operation for the purpose of enhancing controls.


What are the methods of branch account?

branch accounting income statement