Goods worth N50 000 were sent at different times from hea...
Goods worth N50 000 were sent at different times from head office to the branch during the year.
By the end of the period, only N40 000 worth of goods had arrived at the branch.
Which of the following is correct about the treatment of this transaction?
Branch should debit goods received from head ofice with N50,000
Head office should debit goods sent to branch account with N10,000
Head office should debit goods sent to branch account with N50,000
Branch should debit goods received from head office with N10,000
Correct answer is B
No explanation has been provided for this answer.
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