Branch trading & Profit &Loss Ac is only an account not forming part of the full accounting system - Study24x7
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Տekhar Babu
16 Aug 2021 10:44 AM study24x7 study24x7

Branch trading & Profit &Loss Ac is only an account not forming part of the full accounting system

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  • aditi arora
    • Technically speaking, in book keeping terms, the branch account is a temporary or nominal ledger account. At the period's end, the branch tallies up its figures and arrives at ending balances, which are then transferred to the appropriate head office or head department accounts.

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    Reply 16 Aug 2021 10:54 AM
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