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Branch Accounting |
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Branch Accounting The practice of keeping separate bank accounts for each branch of a company even though the branches together with the home office form a single, legal entity. Because branches are responsible for earning money for the company as a whole, the home office may take funds from the branch accounts and put them in its own account. Likewise, it may credit funds to a branch if the branch is having cash flow problems. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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