Question 0

The difference between the closure of the books of a branch and those of a separate company is that?

  • A.there is retained earnings account on the branch books
  • B.the revenue and expenses account is closed to branch current account
  • C.there is no retained earnings account on the branch
  • D.the revenue and expenses account is not closed to the home office current account
  • E.
Objective

Question details

Exam body
JAMB
Subject
Accounts - Principles of Accounts
Year
1998
Question no.
#0
Type
Objective

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