In case of inter-branch transactions, each branch
A) Opens separate accounts for other branches
B) Passes no entry
C) May treat such transactions as the transactions with the Head office
D) All the above
Correct Answer:
Verified
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
Q10: The Head Office Account maintained by the
Q11: Branches are divided into
A)Dependent
B)Independent
C)Foreign
D)All the above
Q12: Debtors system of keeping branch accounts are
Q13: Branches may be classified into _.
A)Inland branches
Q14: Capital investments for the branches are made
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