Concept:A memorandum branch account is a separate record used to calculate profit without entering the branch transactions into the main books of account.Explanation:This method is also known as the double column method because it records both credit and cash items.It is prepared purely from memorandum entries.These entries do not form part of the double-entry system.The main purpose of preparing a memorandum branch account is to determine the gross profit earned by the branch.Therefore, the correct option is the one that states gross profit.Answer:A. gross profit