Concept:In the branch's own books, the account that records all dealings with the head office is known as the head office current account.
Explanation:When a branch maintains independent records, it cannot use the branch current account for its own transactions.
The branch current account is maintained by the head office in its own books.
Instead, the branch opens a head office current account to record goods, cash, and other transactions with the head office.
Therefore, the account prepared by the branch for head office transactions is the head office current account.
Answer:C. Head Office Current Account