The cost of goods returned by branch to head office is de...
The cost of goods returned by branch to head office is debited
Branch stock adjustment account
Goods sent to branch account
Branch stock account
Branch profit and loss account
Correct answer is C
The head office will debit the particular branch asset (Branch Machinery, Branch Furniture, or Branch Building, branch stock account etc.) and credit Cash.
Use the following information to answer the given question, \(\begin{array}{c|c} & N\\ \hli...
Advertising expenses incurred on a product in a business organization should be charged to ...
Which of the following is a component of prime cost? ...
Offei, a petty trader sold goods for GH¢36,240. The gross profit being 33\(\frac{1}{3}\)% on co...
An advantage of the use of the voucher system is that it? ...
A cash payment of ₦85 to Regina was entered in the books as ₦58. The entries to correct the erro...
Given Dept A Dept B Floor space 40meter square 60meter square Machine hours 1200 140...
Incomplete Record (Extract) Sales......................................N10,600 Rent................
\(\begin{array}{c|c} & ₦ \\ \hline \text{Opening stock} & 1,800\\ \text{Closing stock} &am...