To account for expenses paid by head office on behalf of ...
To account for expenses paid by head office on behalf of the branch, the branch should
Debit head office account and credit cash
Debit profit and loss account and credit head office account
Credit cash and debit profit and loss account
Credit profit and loss account and debit head office account
Correct answer is B
No explanation has been provided for this answer.
An evidence of payment issued to a government ministry by a revenue collector is ...
Use the information to answer the given question \(\begin{array}{c|c} Dr & & & &...
Which of the following account is kept by local governments in Nigeria? ...
Factory costs excluding prime cost is ...
\(\begin{array}{c|c} & ₦ \\ \hline \text{Opening stock of raw materials} & 24,750\\ \text{...
Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hli...
Given: i. The memorandum of association of the company ii. The article of associ...