If goods were returned to branch by the customers, the co...
If goods were returned to branch by the customers, the correct posting for this transaction is to debit?
Branch debtor's account and credit head office account
Head office account and credit branch stock account
Branch stock account and credit branch debtors' account
Branch cash account and credit branch stock account
Correct answer is C
Debit branch stock account (stock have increased by what was returned) and credit branch debtors' account.
Share premium is an example of? ...
The balance of the pretty cash book should be ...
Rent receivable account is an example of ...
Which of the following is a credit item in creditors ledger control account? ...
The part of capital issued only at the time of liquidation of the company is ...
N Net profit -------------------------17,460 Capital account: Taiwo--------50,000 &...