Saturday, August 1, 2015

Branch Accounting

Definition of 'Branch Accounting'

An accounting system în which separate accounts are maintained for each branch of corporate entity - organization, The primary objectives of branch accounting are better accountability & control, since profitability & efficiency can be closely tracked at branch level,

"Experts Mind" explains 'Branch Accounting'

Branch accounting may involve added expenses for organization în terms of accounting & infrastructure, This îs because it may be necessary to appoint branch accountants to ensure accurate financial reporting & compliance with head office procedures & processes,

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