Concept:Gross profit from branch trading is passed on to determine the net profit of the branch.
Explanation:The branch adjustment account is used to correct the branch stock position and compute the gross profit.
Once the gross profit is obtained, it is transferred to the branch profit and loss account.
Other branch expenses are then set off against it in the profit and loss account to arrive at net profit.
It is not sent to the trading account because the adjustment account has already carried out the role of the trading account.
It also cannot be transferred to receipt and payment account or income and expenditure account.
Answer:Option B — profit and loss account.