Which one of the following is not true about independent branch ........

General Accounting Principles Special Journals

Which one of the following is not true about independent branch?

These branches can purchase goods from open market.

They maintain complete set of double entry system.

They also maintain head office account.

They do not charge depreciation on fixed assets.

Independent branches have their own set of books of accounts so they charge depreciation on assets that are used by those branches.

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