princehr067 princehr067
  • 01-05-2021
  • Business
contestada


Branch Adjustment account is in the nature of :
Real account
O Nominal account
Personal account
>
O None of these
​

Respuesta :

HumbertoFitzhugh HumbertoFitzhugh
  • 06-05-2021

Answer:

B. Nominal Account.

Explanation:

Branch accounting is a system of bookkeeping that uses a system of separate branch accounting. This branch is also known as the operating locations of an organization.

The account which uses branch adjustment accounting is a nominal account. The nominal account is the general ledger account that closes its account at the end of every year, using branch accounting.

Therefore, option B is correct.

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