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.
Provision for discount on debtor on debtors is to be ...
Which of the following is used to record the purchase of fixed asset on credit? ...
The excess of current assets over current liabilities is ...
In a non-for-profit making organization, the cash book is referred to as ...
The yearly depreciation using the straight line method would be? ...
In departmental accounts, administrative expenses are recorded in the ...