Goods returned to branch by customers is recorded in the ...
Goods returned to branch by customers is recorded in the head office books be debiting?
Bank account and crediting branch stock account
Goods sent to branch account and crediting branch debtors' account
Branch stock account and crediting branch debtors account
Branch debtors and credting cash accounts
Correct answer is C
By debiting branch stock account and crediting branch debtors account.
The concept which states that revenue is recognized when goods are sold is ...
Gross profit is calculated in the ...
.........................31 Dec. 05........31 Dec. 06 Total fixed assets.........N7,800.............
A list of all credit and debit balance from the ledger accounts is ...
Purchasers ledger control account can also be referred to as ...
Goods purchased for N92 was entered in the books as N29. This is an error of ...
\(\begin{array}{c|c} & Baba & Tude\\ & N & N \\ \hline \text{Capital Accounts 1 Janu...
The measure of a company's ability to pays its debts quickly is called ...