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Branch accounts are kept for several key reasons: (i) to understand the profit or loss of each branch location, (ii) to know the financial position of each branch, and (iii) to determine the goods or cash needed for each branch. This allows the head office to control branch activities and make suggestions for improvements based on branch account analyses. The home office must also decide whether to use a centralized or decentralized accounting system for branches. Centralized accounting involves branches se

Author

temedebere

Language

EN