UrbanPro
true

Take Class 12 Tuition from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

DEPENDENT BRANCH

FR Prashanth Reddy
07/05/2018 0 0

Dependent Branch: A branch which is dependent upon Head Office mainly for “Goods and Cash”.  Books of accounts relating to such branch also will be maintained by Head Office.

Features of Dependent Branch:

  1. Branch receives goods from Head Office. Only those goods supplied by Head office will be dealt (sold) by branch. However, in case of need/emergency, the branch may be allowed to make local purchase after getting consent from Head Office. For those purchases, payments may be directly made by Head office or funds transferred to branch.
  2. Goods may be supplied to Head office at Cost price / Invoice price
  3. Branch normally makes cash sales. In some cases, branch is allowed to make credit sales also to regular/approved customers (with the consent of Head office).
  4. Cash sales and collection from debtors are periodically remitted to Head office.
  5. Branch accounts will be maintained by Head Office. However Branch maintains memorandum books like petty cash, debtors etc.
  6. Branch expenses like salary, rent etc. are paid/met by Head office. For this purpose there can be two alternatives.
  7. Head office separately sends cash to branch for meeting expenses
  8. Branch while remitting cash to head office, deducts some portion (towards expenses) and balance will be remitted.
0 Dislike
Follow 5

Please Enter a comment

Submit

Other Lessons for You

Arithmetic Progression Example
Arithmetic Progression Example Q: The sums of n terms of two arithmetic progressions are in the ratio 5n+4:9n+6. Find the ratio of their 18th terms. ...


Taxability Of Perquisites For Computing Salary Income
Taxability Of Perquisites: (A) Exempted for All Employees (B) Taxable for All Employees (C) Taxable for Specified Employees Only 1. Free medical facilities as...
R

Ramasamy Ulaganathan

0 0
0

Why we need to study International finance?
When a firm operates only in the domestic market, both for procuring inputs as well as selling its output, all the dealings are done only in domestic currency. As the companies strive to increase their...

Memorizing the Balance Sheet
Liability Side Soman Rocked Sajan Under Coconut Palm Soman - Share Capital Rocked - reserves & Surplus Sajan - Secured Loans Under - Un Secured Loans Coconut - Current Liabilities Palm - Provisions ...
X

Looking for Class 12 Tuition Classes?

The best tutors for Class 12 Tuition Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Take Class 12 Tuition with the Best Tutors

The best Tutors for Class 12 Tuition Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more