Which of the following statements is incorrect regarding branch accounting?

a. A branchs Home Office account appears in the asset section of a balance sheet prepared for the company as a whole.

b. A branchs Home Office account appears in the equity section of the branchs separate Statement of Financial Position.

c. Most branches maintain a complete set of books which includes a self-balancing set of accounts.

d. Sales agencies usually do not keep a complete self-balancing set of accounts.