Tag: Absorption Accounting

Final Account System

Wholesale Branch System is an accounting method used when a head office (HO) operates wholesale branches that deal primarily with…

Methods of Maintaining books of Accounts by Head office

Foreign Branches are extensions of a business established in a different country to expand operations, tap into new markets, or…

Independent Branches operate with significant autonomy, maintaining their own set of financial records and managing day-to-day activities like purchasing, sales,…

illustration on Preparation of Co-Venturer’s A/c

illustration on Preparation of Joint Bank A/c

Accounting for joint ventures involves recording transactions related to the specific project or business activity undertaken by two or more…

Joint Venture is a business arrangement where two or more parties agree to combine their resources and capabilities for a…

Key aspects of LLP ACT 2008 and 2012