The following account are prepared when goods are sent to...
The following account are prepared when goods are sent to branch except
Branch stock
Goods set to branch account
Branch adjustment account
Branch debtors account
Correct answer is D
Branch debtors account is used to exercise control over branch debtors. It is maintained when the branch is allowed to sell goods on credit. This account records transactions with the branch debtors and is prepared like sundry debtors account.
The accounting entry to record the premium on goodwill is to debit? ...
Given: I. It records subscription in arrears II. Payments of liabilities is effected ...
Which of the following is not a cause discrepancy between cash book and bank statement balances? ...
Income received in advance is shown in the balance sheet as ...
When the goods are sold on credit to a buyer, the account receivable account will be ...
Gross profit in the branch adjustment account is transferred to the branch? ...