Which of the following branches, taking into consideration the scope of authority and responsibility, prepares its own independent final accounts?
A) Independent Branch
B) Foreign Branch
C) Dependent branch
D) Independent and Foreign branch both
Correct Answer:
Verified
Q15: When goods are invoiced to Branch at
Q16: Goods sent by the Head Office to
Q17: Under the stock and debtor system, Branch
Q18: Goods are sent to branch at cost
Q19: When Branch assets a/c is kept in
Q21: If the opening balance of debtors is
Q22: Stock and debtors system is generally used
Q23: Branch stock account is a practical means
Q24: Wholesale prices are fixed above
A)Cost
B)Invoice price
C)Both a
Q25: Goods - in - transit are shown
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