The cost of goods returned by branch to head office is de...
The cost of goods returned by branch to head office is debited
Branch stock adjustment account
Goods sent to branch account
Branch stock account
Branch profit and loss account
Correct answer is C
The head office will debit the particular branch asset (Branch Machinery, Branch Furniture, or Branch Building, branch stock account etc.) and credit Cash.
A petty cash account has an imprest of GH¢ 6,000. If GH¢ 2,000 were left, how much will be...
\(\begin{array}{c|c} July & 1 & \text{cash in hand, N420, Cash at Bank} & N6,500 \\ &...
The accuracy of journalist is checked by? ...
Calls in advance are treated in the balance sheet as ...
The undistributed profits of a limited liability company is ...
When forming a partnership, new partners should record non-monetary assets on the new partnership...
Use the following information to answer the given question \(\begin{array}{c|c} & D\\ \hlin...
Jejelaye Plc stock records for 2009 was given below: Jan 1 received 100 units at N1.00 Jan 8 rec...