JAMB Accounting 2009 Objective — Question 36

Question 36 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2009 Objective paper, with the correct answer and a full explanation.

36. One of the purposes of maintaining the account of a branch at the head office is to

A. record charges in shareholdings
B. record charges in liabilitiesCorrect
C. check the excesses of customers
D. check the excesses of members of staff

Explanation

Maintaining a branch account at head office allows charges/entries relating to liabilities to be recorded and monitored.

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