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Friday, 24 April 2026
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The following are importance of branch account except ____________

The following are importance of branch account except ____________
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  • A It allows fraud and wastage of resources
  • B It assist the organization to determine the performance of a branch manager
  • C It enable the organization to determine the branch that is making either profit or loss
  • D It allows proper control over the branch by the head office
Correct Answer: Option A
Explanation:
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

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