The following are importance of branch account except

Accounts - Principles of Accounts

JAMB 2023

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

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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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