Memoradum branch account is prepared to determine
...Memoradum branch account is prepared to determine
gross profit
credit sales
closing stock
opening stock
Correct answer is A
Memorandum branch account or double column method is prepared to determine the gross profit. They are purely memoradum entries and do not form part of the double entries.
In a not-for-profit making organization, the cash book is summarized in the form of ...
Company tax paid is debited to ...
An example of a nominal account is ...
₦ Manufacturing wages 42,000 ...
Use the following information to answer the given question Kudi Local Government Council incurred...
The balance the provision for depreciation account is shown in the ...
Which of the following is the capital reserve of a company? ...
Purchase of goods for N1,000 from chukwu had been entered in Chukwura's account. This is an erro...