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SSC Financial and Cost Accounting P-1 QUESTION #9650
Question 1
Which of the following is NOT maintained by a Dependent Branch in Branch Accounting?
  • Sales Journal
  • Debtors Ledger
  • Complete Double-Entry Books of Accounts✔️
  • Cash received records
Correct Answer Explanation
A dependent branch does NOT maintain its own complete set of books. All records are maintained by the head office. The branch typically maintains only a sales journal and a debtors' ledger. The branch manager has no independent decision-making powers.