Question

Branch Adjustment account is in the nature of :

Real account
O Nominal account
Personal account
>
O None of these
​

Answer 1

B. Nominal Account.

Step-by-step explanation:

Branch accounting is a system of bookkeeping that uses a system of separate branch accounting. This branch is also known as the operating locations of an organization.

The account which uses branch adjustment accounting is a nominal account. The nominal account is the general ledger account that closes its account at the end of every year, using branch accounting.

Therefore, option B is correct.