The correct entry to reflect the receipt of cash sent by ...
The correct entry to reflect the receipt of cash sent by a branch to a head office is
Debit cash and credit branch current account
Debit branch, current account and credit cash
Credit branch, debtors and debit cash
Credit branch current account and debit branch debtors
Correct answer is A
No explanation has been provided for this answer.
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Partners' share of profit is credited to? ...
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