Question

which branches do not maintain complefe books of account​

Answer 1

Answer:

1 – Dependent Branch

Dependent branches are those branches that do not maintain separate books of accounts; ultimately, there profit & loss statement and Balance sheets are collectively managed by the Head office only.

Answer 2

Explanation:

Explanation:The head office must, however, present one consolidated balance sheet for the benefit of the shareholders and the outside world. The head office will maintain, in its books, “Branch Account” to which goods or cash sent will be debited: When cash is received from the branch, the Branch Account will be credited.