Which of the following methods of invoicing goods to bran...
Which of the following methods of invoicing goods to branches facilitate easy checks on the activities of branches?
Cost price
Fixed percentage on cost
Selling price
Invoice price
Correct answer is D
Invoice Price Method Branch Accounting. In branch accounting, head office sends the goods to branch on the invoice price instead of cost price because with this, company can hide his profit margin from branch employees. In the invoice price, there are two prices will be included on is cost price and second is profit %.
Where there is no agreement made by the partners, the following provisions takes place except ...
Accounting entry for dissolution expenses is ...
The amount of subscriptions accrued is reported in the balance sheet under ...
N Stock at branch 1st January at cost ...
Discounts allowed is charged to ...
Which of the following is not charged to the manufacturing account? ...
The income and expenditure account differs from receipts and payments account because it ...