Homework answers / question archive / Which of the following is wrong  a) Home office is a quessi-ownership equity account that shows the net investment by home office b) The home office account is closed to income summary at the end of the period c) Investment in a branch is a non-current assets accounts d) Net income increases the credit balance of home office account

Which of the following is wrong  a) Home office is a quessi-ownership equity account that shows the net investment by home office b) The home office account is closed to income summary at the end of the period c) Investment in a branch is a non-current assets accounts d) Net income increases the credit balance of home office account

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Which of the following is wrong 

a) Home office is a quessi-ownership equity account that shows the net investment by home office

b) The home office account is closed to income summary at the end of the period

c) Investment in a branch is a non-current assets accounts

d) Net income increases the credit balance of home office account