on condition that the accountinsideg accounts are centralized inside the place of residence place of business each branch prepares daily reports and documents that are used as sources for journal entries inside the accountinsideg accounts of the place of residence office on condition that a branch mainsidetainsides its own accountinsideg accounts some transactions or events relatinsideg to the branch may be recorded by the place of residence office
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If the accounting records are centralized in the home office each branch prepares daily reports and documents that are used as sources for journal entries in the accounting records of the home office If a branch maintains its own accounting records some transactions or events relating to the branch may be recorded by the home office
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HOMEOFFICEANDBRANCHACCOUNTINGTESTBANKpdf Republic of the Philippines Mindanao State University General Santos City Accountancy Program Home Office and Branch Accounting 1 Home Office operates a number of branches
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