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

Question

Quizplus · Accepted Answer

An independent branch prepares its own independent final accounts as it operates autonomously from the head office, unlike a dependent branch which relies on the head office for financial reporting.

Which of the Following Branches, Taking into Consideration the Scope