passwella.
Menu

JAMB Principles of Accounts 2000 Question 45

Question 45

Branch Accounts

I. Meet growth and diversification needs II. Reach out to particular customers or markets III. Comply with some regulatory directives IV. Increase employees' income. Which of the reasons above do companies consider in establishing branches?

  1. A.I and II
  2. B.I, II and III
  3. C.II, III and IV
  4. D.III and IV.
Show the answer and explanation

Answer: B (I, II and III)

Explanation

Branches are opened for growth, to reach new markets and sometimes because regulation requires it; raising staff pay is not a reason.