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.
The part of capital issued only at the time of liquidation of the company is ...
The vote book in governmental accounting is used to ...
The purchase of a typewriter for office use for N2,500 should be debited to ...
Accounting term used to describe the excess of current assets over current liabilities is ...
Where partners maintain a fluctuating capital account, partners' share of profit is credited to ...
A book that contains individual accounts of suppliers is the ...
Which of the following is the least liquid? ...
Aminu and Sons credit purchases (Extract] as at February 1996. Feb 1Credit balances 40, 000 Debi...