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 Related Posts How a Saving Bank Account is different from a Current Account? What is a “Crossed Cheque”? Write full form of the following abbreviations: OTP and PIN The full form of NEFT is ____ A __ cheque can be negotiated or passed to another person by mere delivery Discuss the various types of cheques which can be drawn from any bank