What You Will Learn!
- Introduction to Branch Account
- Meaning of Branch Account
- Types / Kinds of Branch
- Dependent Branches
- Accounting Methods
- Direct Method
- A. Branch received goods from head office at cost and making only cash sales
- B. Branch received goods from head office at cost and making cash sales & credit sale
- Memorandum Stock Account
- C. Branch received goods from head office at selling price (invoice price) and making cash sales and credit sales
- Calculation Of Stock Reserve
- Cash Account
Description
Introduction to Branch Accounts
Meaning of Branch Accounts
Contents :-
1. To Increase the sales/ Profit/ reputation of business/ size of business.
2. Performance evaluation of branch.
3. Control and supervision on branch.
4. Increase in efficiency of branch by giving valuable suggestion.
5. To know the requirement of cash, goods and supply of such items at time.
6. To known the profit or loss on branch
Types / Kinds of Branch :
(1) Dependent Branches
(2) Independent Branches
Accounting Methods :
1. Direct Method
2. Final Accounts Method
3. Stock and Debtors Method
4 Wholesale Branch Method
Situations :
(A) Branch received goods from head office at cost and making only cash sales.
(B) Branch received goods from head office at cost and making cash sales and credit sales.
(C) Branch received goods from head office at selling price (invoice price) and making cash sales and credit sales.
A. Branch received goods from head office at cost and making only cash sales
B. Branch received goods from head office at cost and making cash sales & credit sale
C. Branch received goods from head office at selling price (invoice price) and making cash sales and credit sales
Calculation Of Stock Reserve
Introduction
As a business grows, it may open branches in different towns and cites within country or outside country in order to market its product over a large territory and, thus, increase its profits. A branch may be defined as a section of an enterprise, geographically separated from the rest of the business, controlled by a Head office and generally carrying on the same activities as of the enterprise. For example, Bata Shoe Company has branches in various cities all over the country. The same example holds good for a commercial bank also.
Who Should Attend!
- Any Student who pursuing in B,com M,com BBA MBA 11th & 12th Commerce C.A. C.S. and C.M.A.
