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.
Statement of assets and liabilities as at 31st December, 2001. Shareholders' interest N240&nb...
Which of the following is not recorded in a partnership appropriation account? ...
Determine the year''s purchase from the following information relating to a firm. Total c...
Ata, Bubu and Chikum were in partnership sharing profits and losses in proportion to their capi...
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Goods withdraw from business for private use are credited to? ...