Accounts - Principles of Accounts

special trust fund

agency fund

national loan fund

contingency fund

10 years

5 years

2 years

1 year

determine accurate returns by the branch

ascertian the correct profit or loss on branch activities

enable the branch to keep control over stock

enable the branch to ascertain debtor's balance

N6,120,000

N6,120,300

N8,280,000

8,820,000

increased financial activities

government intervention

credit as a factor in business

payment for goods in cash