Independent Branch

Accountancy

How to identify if its Independent Branch or not from the question ? [Video Time Stamp: 13:46] Video Details ------------- P1 - Advanced Accounting - Without AS Branch Accounting_New #8. Independent Branches - Accounting & Illustration 8 & 9

Rithu V

CA Inter

★ 7K+

07-Jul-26 09:16

Answers (3)

Best Answer

For exam questions, look for these other quick signs of an independent branch: Separate Trial Balance: The question gives one specifically for the branch. Own Books: It maintains its own complete accounting records. Head Office Account: You see a "Head Office Account" listed in the branch's books. Own Cash: It pays its own daily expenses directly from its own collections, rather than the Head Office paying them.

CA Suraj Lakhotia

Admin

07-Jul-26 09:46

Here they are buying goods from outside as well.

CA Suraj Lakhotia

Admin

07-Jul-26 09:34

So in exams, shall we assume it to be an independent branch if they buy other goods as well? What are the other indicators for identifying the same?

Thread Starter

Rithu V

CA Inter

★ 7K+

07-Jul-26 09:40