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Branch accounting

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 July 2013 dear Sir
I will join a Branch retail shop. There are 5 retail branches. So I think separate account will keep for each branch and at the time of year end all the branch accounts should be consolidate in a single balance sheet and P/L a/c. I am the accountant of the all the branches.
Is it right?

Thanks in advance
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
21 July 2013 yes. you can maintain separate books and consolidate when ever you wanted.

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