A branch that keeps its own records prepares the records of transactions with the head office in the

The branch that keeps its own records prepares the records of transactions with the head office in the "Branch Current Account". This account is used to track all the transactions that occur between the branch and the head office, including the money that the branch receives from the head office and the money that the branch sends to the head office. The Branch Current Account is an important tool for managing the finances of the branch, as it allows the branch manager to keep track of the money that is coming in and going out. By maintaining this account, the branch can ensure that all transactions with the head office are properly recorded and accounted for, which helps to prevent any financial discrepancies or errors.