The branch current account records
...The branch current account records
Head office transactions with the branch
Branch transactions with the head office
Goods sent to branch at selling price
Cash received from branch as sales
Correct answer is A
Branch current account; This account is maintained in the head office books to record all transactions between head office and branch. This account is debited with the following
This account is credited with the following
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\(\begin{array}{c|c} \text{Branch stock account (at selling price)} & D346,000 - debit \\ \text{...