The branches which are totally dependent on head office are also termed as Agency Branches.

Related MCQs

• Dependent branch doesn’t keep any book of account as their entire Accounting work is performed by the head office.
• Goods sent by the head office at the end of the year but not received by Branch before the year ended is known as
• Under statement of affairs method which is also termed as .
• The independent branches are autonomous as they are allowed to make their own purchases from open markers and pay for their expenses.
• When the concept of ratio is defined in respect to the item shown in the financial statements, it is termed as
• Accounting Standards are beneficial not only to the business enterprises but also to the………….. as well.
• AS …………….also focuses on profit sharing and bonus plan.
• A 25 focuses on change in accounting policies also.
• Under single entry system the profit and loss can be found out and also it’s comparison will be available.
• Return on properties funds is also known as.