Branch should debit goods received from head ofice with N50,000
Head office should debit goods sent to branch account with N10,000
Head office should debit goods sent to branch account with N50,000
Branch should debit goods received from head office with N10,000
Correct answer is B
No explanation has been provided for this answer.
In the trading and profit and loss account of a manufacturing organization, purchases is?
Always the same amount as the total factory overhead cost
Given separately
Equivalent to the total cost of goods manufactured
Always the same as the prime cost
Correct answer is B
No explanation has been provided for this answer.
Expense paid during the conversion of a partnership to a company are?
Debited to the partners' capital account
Debited to the realization account
Debited to the cash account
Credited to the realization account
Correct answer is D
No explanation has been provided for this answer.