Branch Offices
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Questions and Answers

Which of the following best describes a branch office?

  • An establishment that carries on a completely different activity than the head office
  • An establishment that carries on a similar activity as the head office but in a different location
  • An establishment that carries on a different activity than the head office
  • An establishment that carries on the same or substantially the same activity as the head office (correct)

    • What is the relationship between a branch office and a head office?

  • A branch office cannot exist without a head office (correct)
  • A branch office is a smaller version of the head office
  • A branch office is a completely separate entity from the head office
  • A branch office is a subsidiary of the head office

    • What is the advantage of having branch offices?

  • Branch offices increase the distance between the company and its clients
  • Branch offices reduce the need for face to face interaction with customers
  • Branch offices have no advantages
  • Branch offices allow for easy expansion of business (correct)

    • How can branches be classified from an accounting point of view?

    <p>Independent and dependent branches</p> Signup and view all the answers

    What is the main difference between independent and dependent branches?

    <p>Independent branches maintain independent accounting records, while dependent branches do not</p> Signup and view all the answers

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