Dependent branch doesn’t keep any book of account as their entire Accounting work is performed by the head office.

Related MCQs

• The closing balance of book debts account is ascertained by preparing branch ………………Account.
• ………….method of branch accounting is usually adopted when the branch is of the small size.
• Stock and Debtors method of branch accounting is generally used where branch turnover is substantially
• The method of Branch Accounting varies with the nature and the status of branch.
• The removal of loading from the items of branch stock is adjusted through branch……………..Account
• Actual petty expenses paid by branch from petty cash are to br shown separately in Branch Account.
• The branches which are totally dependent on head office are also termed as Agency Branches.
• Goods sent by the head office at the end of the year but not received by Branch before the year ended is known as
• In Branch Accounting the balance on stock reserved Account at the end of the period is shown in the balance sheet by the way of deduction from
• The important objective of Accounting standards is to the …………..diverse accounting policies and practices at present in use in India.