Top 50+ Solved Branch Account MCQ Questions Answer
Q. The independent branches are autonomous as they are allowed to make their own purchases from open markers and pay for their expenses.
a. true
b. false
c. may be false
d. both a and b
Q. Actual petty expenses paid by branch from petty cash are to br shownseparately in Branch Account.
a. true
b. false
c. both a and b
d. none of the above
Q. The method of Branch Accounting varies with the nature and the status ofbranch.
a. true
b. false
c. neither true nor false
d. none of the above
Q. Dependent branch doesn’t keep any book of account as their entireAccounting work is performed by the head office.
a. true
b. may be false
c. neither true nor false
d. may be true