To account for expenses paid by head office on behalf of ...
To account for expenses paid by head office on behalf of the branch, the branch should
Debit head office account and credit cash
Debit profit and loss account and credit head office account
Credit cash and debit profit and loss account
Credit profit and loss account and debit head office account
Correct answer is B
No explanation has been provided for this answer.
The following transactions relate to Osei Enterprises for the year ended 31st December 2020. ...
In the head office ledger, the value of goods sent to the branch are ...
Given: Calculate the surplus income. ...
Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hline...
The accumulated fund of a non-trading concern can equally be referred to as? ...
Mr. B sod goods worth N200 on credit to Mr. C. Mr. B should debit this to ...