About this document
Home Office & Branch Accounting Guide by Alex Ong is a document available to read on EtoBox.
Accounting for Home Office, Branch and Agency requires proper recording and reporting of transactions between the different units. The home office records the investment in the branch as an asset and the branch records the capital received from the home office as a liability. Profits or losses of the branch are closed to the home office investment account rather than being reported directly on the home office income statement.
- Author
- Alex Ong
- Language
- EN