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.
Stock account is a type of ...
Which of the following accounts or statements is used to determine credit purchase figures in i...
The objective of departmental account is to ...
A suspense account is used in the ...
Which of the following is not a personal account? ...
Given: Net profit-----------------------N25,000 Cost of sale---------------------N25,000 Sales---...
The document authorising an officer to incur expenditure is known as ...
What is the ledger entry for sale of generator on credit to Patrick? ...