Correct Answer: Option D

Explanation

This account records the transactions in regard to the stock in the branch at invoice price. The debit side of this account records the inflow of stock into the branch and credit side records its outflow from the branch.

The primary objectives of branch accounting are better accountability and control since profitability and efficiency can be closely tracked for individual locations. The head office is able to ascertain the profits and losses of each branch and compare results.

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