Financial Accounting study material Branch Accounting, Meaning , Types of Branch , Methods of Dependent Branch accounting

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Full Study material of ICAI  for Financial Accounting  all chapters click the link below 

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Branch Accounting 


Overview of Cover this topics in blog 
1. Meaning of Branch Accounting 
2. Types of Branch 
3. Method of Branch Accounting 
4. Method of dependent branch Accounting 
5.  Numerical of branch Accounting 
6. ICAI Study material of Financial Accounting (Branch Accounting ) 


Meaning of Brach Accounting 

—  A branch can be described as any establishment carrying on either the same or substantially the same activity as that carried on by head office  of the company .

Types of Branches

   —  Inland Branches

—  Dependent Branches 

—  Independent Branches

   —  Foreign Branches 

Dependent Branches

—  When the business policies and the administration of a branch are wholly controlled by the head office and its accounts also are maintained by it, the branch is described as Dependent Branch. 

Methods of Accounting for dependent Branches

    —  Dependent branch does not maintain a complete records  of its transactions. The head office may maintain accounts of dependent branches in any of the following methods .  

—  At cost price  or selling (invoice Price )

—  Debtor Method

—  Stock & Debtor Method

—  Trading & Profit & Loss account Method


Branch Accounting 

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