The following are importance of branch account except
...The following are importance of branch account except
It allows fraud and wastage of resources
It assist the organization to determine the performance of a branch manager
It enable the organization to determine the branch that is making either profit or loss
It allows proper control over the branch by the head office
Correct answer is A
The importance and objectives of branch account are:
- to access the performance of the branches
- to prevent wastage
- to prevent fraud and other malpractices
- to ascertain the profit or loss for each branch
Which of the following is a storage device? ...
Use the following information to answer the given question. \(\begin{array}{c|c} & & N ...
Use the following information to answer the given question \(\begin{array}{c|c} & D\\ \hlin...
The source document used to make entries in the purchase day book is ...
Use the following information to answer the given questions \(\begin{array}{c|c} & N \\ \hl...
The reduction in value of goodwill is ...
The documents that provide instant information to firms on their tranactions with banks are ...