INTERACC

Misamis University

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Class notes

Accounting for Home Office, Branch and Agency Transactions
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October 2022

2021/2022
Home Office - A home office is a space designated in a person's residence for official business purposes. The term can also be used to describe the administrative corporate headquarters of a large enterprise, such as the home office of a large corporation located in a particular city. Branch – It is a self-contained business that acts independently but within the bounds of company policies set by the home office. Agency – It is not a self-contained business but rather acts only on behalf ...
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