5 Questions
Which of the following best describes a branch office?
An establishment that carries on the same or substantially the same activity as the head office
What is the relationship between a branch office and a head office?
A branch office cannot exist without a head office
What is the advantage of having branch offices?
Branch offices allow for easy expansion of business
How can branches be classified from an accounting point of view?
Independent and dependent branches
What is the main difference between independent and dependent branches?
Independent branches maintain independent accounting records, while dependent branches do not
Test your knowledge on branch offices and their importance in business operations. Learn about the role of a head office and the activities performed by branch establishments.
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