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distingush between dependent branch and independent branch

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13y ago

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What are types of branch accounting?

Dependent Branch Independent Branch Foreign Branch


What account is the branch account under debtors system?

branch debtor account is an account prepaid when the branch sell goods or credit. it necessary for recording all transctions concerning branchdebters and for acertaining the balance of debtors at branch


What is the Entry for Revenue earned by the Branch office in branch accounting?

Branch retained earnigs - Debit Profit from Branch - Credit Bank account - debit Branch retained earning - Credit Current account - Branch - Debit Bank Account - Credit


What are the methods of branch account?

branch accounting income statement


What is the difference between dependent and independent branch?

An independent branch can operate separately from any other branch and is not reliant on anyone for the results. A dependent branch relies on other branches to operate.


What is ocbc branch code?

-Use first 3 digits of Account No as BranchCode - Drop first 3 digits of Account No for the Account No field eg. For account 5501089550, the Branch Code will be 550 and the Account No will be 1089550.


How do you transfer pnb account in other pnb branch?

Go to the branch where you have your existing account and submit a written request to transfer your account to another PNB branch. The bank will happily take up your request. Also, with the advent of Core Banking, it is not really required to get your account transferred because with core banking any customer with an account in any branch can avail banking services in any branch of the bank across the country.


How do you know your 14 digit account no from old account no of syndicate bank?

You have to approach the respective branch with your old account number so that the branch will give you the New 14 digit account number.


Sbi account transfer to another sbi bank inside a state is possible?

yes, it is possible. You need to apply for a a transfer of account on the host branch. They will just close your account and send the details to the requested branch and you need to enquire at the destination branch thereafter. The new branch will open up a new account for you. That's it!


How can your account in sbi?

saving account SBI ETAWAH branch mandi


Is all 9 digit account number use 081 branch code for all POSbank?

No, not all 9-digit account numbers at POSBank use the 081 branch code. The branch code is specific to the branch where the account was opened, and different branches have their own unique codes. It's essential to check the specific branch code associated with an account for accurate transactions.


What is non home branch in bank?

the home branch is where the customer has opened his or her account