Скачать или смотреть Branch Accounting – | Consolidated Financial Statements (AS-21) Basic Concepts | MCQs Explained

Basic Concepts of Consolidated Financial Statements (AS-21) along with **MCQs up to Q.25
Branch Accounting – Debtors & Stock and Debtors Method | Consolidated Financial Statements (AS-21) Basic Concepts | 25 MCQs Explained**

In this video, we have covered the most important fundamentals of *Branch Accounting* and *Consolidated Financial Statements (AS-21)* for CA Inter, B.Com, M.Com and WBA&AS / HYDE / LDE aspirants.

This lecture is strictly based on your syllabus:

📌 PART – 1 : Branch Accounting

*(Accounting for Branches – Dependent Branch up to Branch Stock & Debtors Method)*

✔ Meaning of Branch and Department and their differences
✔ Types of Branches – Inland & Foreign, Dependent & Independent
✔ How activities of Branches are run and managed
✔ Methods of Accounting for Dependent Branch:

Debtors Method (Head Office Point of View)
Stock & Debtors Method (Branch Point of View)
✔ Accounts opened under Stock & Debtors Method:
Branch Stock A/c
Branch Debtors A/c
Branch Cash & Petty Cash A/c
Branch Expense A/c
Branch P&L A/c
✔ Calculation of Gross Profit and Net Profit
✔ Treatment when Goods are sent at *Invoice Price* – Branch Adjustment A/c
✔ Journal Entries in HO Books and Branch Books
(Ref. *Accounting for Branches Including Foreign Branch*, pages 308–312)

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📌 PART – 2 : Consolidated Financial Statements – AS 21

*(Basic Concepts – First 6 pages)*
✔ Meaning of Group, Holding Company and Subsidiary Company
✔ Definition of Parent, Control, Group, Minority Interest and Equity
✔ Objectives of AS-21
✔ Components of Consolidated Financial Statements
✔ Purpose of preparing CFS – Section 129(3) of Companies Act, 2013
✔ Wholly Owned and Partly Owned Subsidiaries
✔ Advantages of Consolidated Financial Statements
(Ref. *Accounting Standards for Consolidated Financial Statements*,
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PART – 3 : MCQs on Branch Accounting & Consolidation (Q.1 to Q.25)
In this video, *25 important MCQs with answers and explanations* are discussed, including:

✔ Features of Branch & Department
✔ Dependent Branch characteristics
✔ Debtors Method & Stock & Debtors Method
✔ Branch Adjustment A/c and Loading
✔ Journal Entries in HO Books
✔ Wholesale & Retail Profit
✔ Independent Branch – Consolidation Objective
✔ Goods in Transit, Cash in Transit
✔ Asset Purchased by Branch but retained at HO

Understand the *foundation of Branch Accounting*
Master the *Debtors Method & Stock and Debtors Method*
Build strong conceptual clarity in *AS-21 – Consolidated Financial Statements*
Practice *important MCQs for exams*

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