One of the purposes of maintaining the account of a branch at the head office...
FINANCIAL
JAMB 2009
One of the purposes of maintaining the account of a branch at the head office is to?
- A. record charges in shareholdings
- B. record charges in liabilities
- C. check the excesses of customers
- D. check and monitor the growth of individual branches
Correct Answer: D. check and monitor the growth of individual branches
Explanation
The primary objectives of branch accounting are better accountability and control since profitability and efficiency can be closely tracked for individual locations
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