Branch Account under Debtors System is ........

General Accounting Principles Special Journals

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Branch Account under Debtors System is

This questions was previously asked in

EPFO AO EO 2017

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Real Account

Personal Account

Nominal Account

Liability Account

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Explanation:

In the Debtors System of branch accounting, the Branch Account is a nominal account. This means it is used to record all transactions between the head office and the branch, and it ultimately reveals whether the branch made a profit or incurred a loss. It's a temporary account that is closed at the end of each accounting period.