What is the purpose of using the common account?

- Newsfeed
- Find People
- More
- - Products By Bayt.com
    
    Bayt.com
    
    Shagheel
    
    Specialities
    
    Learning
    
    Companies
    
    Salaries
    
    People
    
    Blog
    
    Podcasts
- - العربية
- Use Our Mobile App
  
  Get contacted by recruiters directly with our newest chat feature!
  
  Download Now

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Next Question:
Explain the purpose of an accounting standard?
Posted by:
Mohammad Iqbal Abubaker
19-March-2017

Question added by Saleh El-Shorbaji , Finance & Admin Manager , Acorn Ind Co LLC
Date Posted: 2013/05/15

Upvote (1) Views (4) Followers (1) Answers (1) Report Question

Write an Answer
Register now or log in to answer.

1 Answers

Saleh El-Shorbaji

by Saleh El-Shorbaji , Finance & Admin Manager , Acorn Ind Co LLC

transfer to this account all branches expenses through the year then allocate the expenses to each branch based on volume of expenses for each branch

Upvote (0)

Downvote Reply () Report

Popular Searches

Engineers Jobs Sales Executive Jobs Accountant Jobs Software Engineer Jobs Engineering Technicians Jobs

Write Your Answer

More Questions Like This

What do you think is the point behind using reserve accounting?
Top Answer: <p><span>The term “Reserve” commonly used for keeping funds for a particular purpose. <s ... See More

Answers (3)
How can use(import) all class in namespace yii2
Top Answer: Replace it with namespace common.constant.*; in MS visual studio See More

Answers (1)
What is the purpose of a T account?
Top Answer: Thank you for this smart question, as I am always asked the same question that if we are making the Gener ... See More

Answers (25)
Can you explain how an employee can use Taleo system?
Top Answer: The Taleo Cloud Service enables enterprises and midsize businesses to recruit top performers with the rig ... See More

Answers (3)