The independent branches are autonomous as they are allowed to make their own purchases from open markers and pay for their expenses.
A) true
B) false
C) may be false
D) both a and b
Correct Answer:
Verified
Q3: A……………..system of departmental account is more convenient
Q4: All items of stock in Trading and
Q5: Foreign Branch almost invariably trade independently and
Q6: To fulfill the audit requirements under section
Q7: The branches which are totally dependent on
Q9: Actual petty expenses paid by branch from
Q10: The method of Branch Accounting varies with
Q11: Dependent branch doesn't keep any book of
Q12: ……………system of book keeping is the only
Q13: In single entry system it's difficult to
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