Branch accounting
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 July 2013
dear Sir
I will join a Branch retail shop. There are 5 retail branches. So I think separate account will keep for each branch and at the time of year end all the branch accounts should be consolidate in a single balance sheet and P/L a/c. I am the accountant of the all the branches.
Is it right?
Thanks in advance
I will join a Branch retail shop. There are 5 retail branches. So I think separate account will keep for each branch and at the time of year end all the branch accounts should be consolidate in a single balance sheet and P/L a/c. I am the accountant of the all the branches.
Is it right?
Thanks in advance
CMA Ramesh Krishnan
(Expert)
21 July 2013
yes. you can maintain separate books and consolidate when ever you wanted.
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