Accounting · Branch Accounts

A dependent branch is one which:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Has full power to fix selling prices and credit policies
2Receives all goods for sale from the Head Office✓
3Maintains a complete set of double-entry books
4Purchases its own goods independently from the open market

Correct answer

Receives all goods for sale from the Head Office

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A dependent branch is one which:

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