📘 Core concepts
- 1Types: Dependent (debtors method, stock & debtors method) & Independent branches.
- 2Foreign branches translated as per AS-11 (integral / non-integral).
- 3Inter-branch transfers eliminated in HO books to avoid double counting.
- 4Unrealised profit on stock at branch eliminated through Stock Reserve.
- 5Final accounts incorporate branch trial balance after reconciliation.
Want more depth on concept?
Make it click