The following are importance of branch account except
-
it allows fraud and wastage of resources
- it assist the organization to determine the performance of a branch manager
- it enable the organization to determine the branch that is making either profit or loss
- it allows proper control over the branch by the head office
The correct answer is: 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