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i). To ensure cash and stock of goods in custody of the branch are safeguarded.
ii). To determine the profit/ loss of the branch and compare that profitability with profitability of other branches
iii). To help in calculating commission to be paid by branch managers if the commission is calculated based on profitability.
iv). To ensure proper control of branches
v). It’s a statutory requirement to keep proper books of accounts for branches for audit purposes.
Wilfykil answered the question on February 11, 2019 at 10:42
- The trial balances below were extracted from the books of Shakers Enterprises with respect to its operations at the head office in Nakuru and Busia branch as at 30 April 2010.(Solved)
The trial balances below were extracted from the books of Shakers Enterprises with respect to its operations at the head office in Nakuru and Busia branch as at 30 April 2010.
Date posted: February 11, 2019. Answers (1)
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ii) Head office and branch income statements, in columnar format, for the year ended 31 March...(Solved)
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Date posted: February 11, 2019. Answers (1)
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ii) Explain how foreign currency monetary...(Solved)
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Date posted: February 11, 2019. Answers (1)
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(ii)...(Solved)
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Date posted: February 11, 2019. Answers (1)
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Date posted: February 11, 2019. Answers (1)
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Date posted: February 11, 2019. Answers (1)
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Date posted: February 11, 2019. Answers (1)
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Date posted: February 11, 2019. Answers (1)
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Date posted: February 11, 2019. Answers (1)
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Date posted: February 11, 2019. Answers (1)
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Date posted: February 11, 2019. Answers (1)
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Date posted: February 11, 2019. Answers (1)
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Date posted: February 11, 2019. Answers (1)
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Date posted: February 11, 2019. Answers (1)
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Date posted: February 11, 2019. Answers (1)
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Date posted: February 11, 2019. Answers (1)
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Date posted: February 11, 2019. Answers (1)
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Date posted: February 11, 2019. Answers (1)
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Date posted: February 11, 2019. Answers (1)
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Date posted: February 11, 2019. Answers (1)