Question

explain 5 features of branch office company​

Answer 1

Answer:

A branch office is an outlet of a company or , more generally , or ordination that - unlike or subsidiary - does not constituent a separate legal entity, while being physically separated from organization main office.

Answer 2

Explanation:

1. A branch is not a separate legal entity, it is a part of the foreign-based company.

2. A branch has no independent capital and its assets and liabilities are a part of the total assets of the foreign-based company.

3. A branch is to keep its own accounting records, and these are to be kept separate from the foreign-based company.

4. The accounts of a branch and the administration of the managing director are, when required, subject to examination by an authorized or approved public accountant.

5. The foreign-based company shall appoint a managing director to run the business activities.