The following are importance of branch account except
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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