Advanced Accounting (accounting for branch)

In the early beginning of 2019, Lulu merchandising company decided to open a new branch in the Al-Dalia area. The management of the company decided to hire you as an accountant in the new branch and because of your experience in accounting they asked you to prepare the necessary accounts for the company and the branch.

Questions:

a- As an accountant of the new branch what kind of accounts you will create to record the transactions? And why? (2.5 Points)

b- At the end of 2019, the general manager of the company asked you to provide him with the total revenue of the company. What will you prepare to provide him with the requested information? And what are the key points you must follow to prepare such a report? (2.5 Points)