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If they ask to prep branch account in head office books , wat all to put in the account ?? PRACTICE QUES 10

Reetikaa R

CA Inter

★ 7K+

20-Apr-23 16:24

216

Answers (1)

Assuming it is a foreign branch accounts, all assets and liabilities' closing balance + net profit relating to the branch will come. In case of dependent and independent types, you may refer to the format in the book for better understanding.

Shankara Vel

CA Inter

★ 4K+

20-Apr-23 17:29

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