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.
Rakiya and joy are in a partnership and agreed that 5% interest per annum is to be charged on ...
Use the following to answer the given question \(\begin{array}{c|c} & N \\ \hline sales &am...
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Rent paid during 1995 was N2,000 while rent paid at 31st December, 1995 was ...