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  2. Topic
    Business
  3. Study Set
    Modern Advanced Accounting
  4. Exam
    Exam 4: Accounting for Branches; Combined Financial Statements
  5. Question
    The Income: Branch Ledger Account Is Maintained in the Accounting
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The Income: Branch Ledger Account Is Maintained in the Accounting

Question 21

Question 21

Multiple Choice

The Income: Branch ledger account is maintained in the accounting records of:


A) The home office only
B) The branch only
C) Both the home office and the branch
D) Neither the home office nor the branch

Correct Answer:

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