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.

Answer Link

Otras preguntas

If caleb is correct that the contract had an arbitration clause, and the clause was valid, which of the following is true?
Who wrote the first draft of the declaration of independence?
Which of these is a chemical change?
What is the correct Lewis structure for Group 5A element, Arsenic?
What is the y-intercept of the exponential function? f(x)=−32(2)x−3+3
What events led to the battle of Belleau Wood?
Mica spends $5 for her lunch and $2 for breakfast each day Monday through Friday. Use the Associative Property to find how much money she spends on lunch and br
Which sentence is written correctly? Chase and McKay is visiting from Texas. Milo’s puppies are still with their mother The bags of cookies is open on the ta
Original Price: $95 Percent Of Discount: ? Sale Price: %61.75 What is the discount?
help i just wasted more points for this