The correct entry to reflect the receipt of cash sent by ...
The correct entry to reflect the receipt of cash sent by a branch to a head office is
Debit cash and credit branch current account
Debit branch, current account and credit cash
Credit branch, debtors and debit cash
Credit branch current account and debit branch debtors
Correct answer is A
No explanation has been provided for this answer.
A debit balance of N420 on the purchases ledger control account means that the ...
Subscription in advance is classified in the balance sheet as ...
Which of the following is an example of production overhead? ...
Use the following information to answer the question given \(\begin{array}{c|c} \text{Jan. 1} &...
\(\begin{array}{c|c} & ₦ \\ \hline \text{Balance as per cash book} & 8,000 Cr\\ \text{Unpr...
The reward given to a debenture holder is called ...
Cost of raw materials available------ 32,000 Manufacturing wages -----10,000 Factory expenses...