which of the following is true about branch account under debtor system ........

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which of the following is true about branch account under debtor system?

it is real in nature

assets and liabilituies in the beginning or at the end are not shown in such a/c.

it is prepared to find out branch P/L for a particular period.

all the expenses paid by the branch and head office is shown in branch a/c

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Explanation:

This system is adopted generally for those branches which are fairly small in size. Under this system, the head office simply opens a Branch Account for each branch in which it records all transactions relating to the branch The Branch Account is prepared in such a manner that it also helps in ascertaining the branch profit or loss for a particular period.