Business

Bonded Warehouse It is a warehouse usually situated near the port where the imported goods can be stored temporarily pending the payment of import duty.…

Independent Branch The branches that can keep their accounts themselves and sell goods that are sent by the head office, as well as those purchased…

Blank Cheque It is a cheque on which -the amount of money payable in not mentioned by the drawer. It is a signed cheque with…

Blockade It is an attempt to cut off all supplies from a town or seaport during a state of war by surrounding the place with…

Dependent Branch Dependent branches are the branches that do not keep their records but all the records are maintained by head office. It is a…

Concept of Branch The recent process of globalization and its development hit all the nations of the world for their rapid development of trade, commerce,…

Bill of Lading (BOL) It is a receipt given by the captain of the ship of goods shipped on board his vessel. It is a…

Independent Branch, like the Head Office, keeps all its records separately and independently on Double Entry System. Branch accounting is a bookkeeping system in which…

Bill of Entry This is an important document used in import trade. It is a document created by an importer or exporter of documenting what…

Accounting Treatment of Abnormal Loss in Accounting for Branch The loss of goods sent by the head office to the branch which is caused by…

Bearer Cheque A cheque is a very common form of a negotiable instrument. A bearer check is one, which bears the words “Or Bearer” across…

Accounting Treatment of Normal Loss in Accounting for Branch The normal loss is a loss of natural phenomena. It is the expected loss or the…