inland branch accounts
TRANSCRIPT
- 1. 3/19/20151 www.iimek.com
- 2. Module 10 INLAND BRANCH ACCOUNTS 3/19/20152 www.iimek.com
- 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
- 6. Dependent Branches Independent branches Foreign branches 3/19/20156 www.iimek.com TYPES OF BRANCHES
- 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
- 15. 3/19/201515 www.iimek.com