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In the books of HO, an independent branch maintaining full set of books appears as:
ABranch Stock A/c only
BNone
CBranch P&L A/c
DBranch A/c (a single composite account in HO books)
Answer & Solution
Correct answer: D. Branch A/c (a single composite account in HO books)
1. Step 1: For independent branches, HO maintains a single "Branch A/c" capturing the net relationship.
2. Step 2: Detailed transactions live in branch books.
3. Step 3: Hence (B).
_Source: ICAI BoS CA Inter Paper 1, Ch 15 "Accounting for Branches including Foreign Branches"_