35. Maganda Inc. has a branch operation located in Cebu. On the home office nancial record, Maganda reports Investment in Cebu Branch account with a P78,000 debit balance. At the same time, branch operation is reporting a Home Office account with an P81,000 credit balance. Which of the following is true? a. Since two different sets of records are being kept, these two accounts are designed to agree. b. The difference indicates that inventory may be in transit from the home office to the branch. c. The difference indicates that cash may be in transit from the branch to the home office. d. Cash mav have been collected bv the home office for the branch but not vet reported to the branch