Concept:Branch accounting is mainly used for control, performance evaluation, and profit measurement, not to permit fraud or wastage.
Explanation:The importance of branch accounts includes helping the organization to assess the performance of each branch manager.
They also enable the organization to determine which branch is making a profit or a loss.
In addition, branch accounts allow the head office to maintain proper control over every branch.
They are designed to prevent fraud, wastage, and other malpractices, not to allow them.
Since one option claims that branch accounts allow fraud and wastage of resources, that statement is not a valid importance.
Thus, that option is the correct exception.
Answer:A. it allows fraud and wastage of resources