Home » Gross profit in the branch adjustment account is transferred to the branch?

Gross profit in the branch adjustment account is transferred to the branch?

Gross profit in the branch adjustment account is transferred to the branch?
  • A.
    trading account
  • B.
    receipts and payments account
  • C.
    profit and loss account
  • D.
    income and expenditure account
Correct Answer: Option C
Explanation