Up to the trial balance, the accounting arrangements for a foreign branch are exactly the same as for any
A) Dependent branch
B) Independent branch
C) Both a and b
D) None of the above
Correct Answer:
Verified
Q2: Under debtors system depreciation on fixed asset
Q3: Dependent branch makes :
A)Cash sales only
B)Credit sales
Q4: Branch which donot maintain its own set
Q5: An independent branch
A)Receives the goods from the
Q6: The Head office account in the books
Q7: The adjustment entry for goods in transit
Q8: For depreciation on fixed assets, whose accounts
Q9: In case of inter-branch transactions, each branch
A)Opens
Q10: The Head Office Account maintained by the
Q11: Branches are divided into
A)Dependent
B)Independent
C)Foreign
D)All the above
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