6. Indicate the method of keeping both the branch books and the branch activities on the head office books where goods are billed by the head office to the branch: (a) At cost price. (b) At some other price than cost.
7. Discuss briefly the handling of branch purchases, sales, and cash in order to secure head office control over them.
8. Discuss fully the periodic summary of results and the adjustments necessary at such a time between the branch and head office books.
9. What reports should the branch make the head office?
Chapter XXXI
1. What problems beyond those of the domestic branch are met in accounting for the foreign branch?
2. What control accounts are usually carried on the head office books?
3. State and explain the principles of the conversion of branch results and their incorporation with the head office results.
4. How are fluctuations of exchange handled? Discuss fully.
5. What peculiarities of regulation over accounts are sometimes met in foreign countries?