Chapter 13

Accounting for Inland Branches

LEARNING OBJECTIVES

After studying this chapter, you will be able to understand

  1. The Meaning, Objectives and Classification of Branches

  2. Salient Features of Dependent Branches

  3. System of Accounting for Dependent Branches: The Method of Recording Transaction in the Books of Head Office Under “Debtors System”

  4. Salient Features of Debtors Method of Accounting

  5. To Ascertain Profit/Loss of the Branch (to Ascertain any Missing Figure, to Calculate Profit Margin) by Way of Solving Problems Under Debtors System of Accounting

  6. Accounting Procedure for Dependent Branches Under Stock and Debtors Method (System)

  7. The Procedure for Preparing Profit or Loss of the Branch Under Final Account System

  8. Accounting Procedure ...

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