The Head Office Account maintained by the branch is of the nature of
A)Real Account
B)Personal Account
C)Nominal Account
D)None of the above

Question

Quizplus · Accepted Answer

The Head Office Account maintained by a branch is of the nature of a Personal Account because it represents the account of the head office, which is considered as a separate entity from the branch for accounting purposes.

The Head Office Account Maintained by the Branch Is of the Nature