Use the following information to answer the question below
D473,000
D438,000
D422,000
D410,000
Correct answer is B
No explanation has been provided for this answer.
Use the following information to answer the question below
D112,000
D84,000
D77, 000
D49,000
Correct answer is B
No explanation has been provided for this answer.
Which of the following is not a method of charging goods to the branch by its head office?
Net realizable value
Cost price
Cost-plus profit
Selling price
Correct answer is B
No explanation has been provided for this answer.
The accounting entries when goods are sold on credit at the branch are debit
Branch Debtors Account; credit Sales Accounts
Branch Current Account; credit Head Office Current Account
Branch Debtors Account; credit Head Office Current Account
Head Office Current Account; credit Sales Accounts
Correct answer is B
No explanation has been provided for this answer.
A branch that keeps its own records prepares the records of transactions with the head office in the
Branch Current Account
Branch Stock Account
Head Office Current Account
Profit and Loss Account
Correct answer is A
No explanation has been provided for this answer.