Branch which does not maintain its own set of books is:
A) Dependent branch
B) Independent branch
C) Foreign branch
D) Local branch
Correct Answer:
Verified
Q6: The system of keeping accounts generally adopted
Q7: Goods are supplied by the head office
Q8: Under debtors system which account is prepared
Q9: Under debtors system depreciation on fixed asset
Q10: Independent Branch meant when separate account are
Q12: Usually dependent branch makes:
A)Cash sales only
B)Credit sales
Q13: Under Stock & Debtors system, which account
Q14: Branch Account under Debtor System is
A)Real Account
B)Personal
Q15: When goods are invoiced to Branch at
Q16: Goods sent by the Head Office to
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