Concept:Branch accounting is a control tool used by the head office to monitor each branch and its manager.
Explanation:Branch accounts are prepared separately for every branch of the organisation.
They help the organisation to know which branch is making a profit or a loss.
This confirms that Option A is a correct importance of branch accounts.
They also allow the head office to exercise proper control over the activities of each branch.
This confirms that Option B is a correct importance.
In addition, they help the organisation measure the performance of branch managers.
This confirms that Option C is a correct importance.
However, fraud and wastage of resources are not supported by branch accounts.
Branch accounts actually help to detect and prevent fraud and wastage.
Therefore, the statement in Option D is not an importance of branch accounts.
It is the exception the question is asking for.
Answer:D. It allows fraud and wastage of resources.