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.
\(\begin{array}{c|c} & Halima & Ibinabo \\ & N & N \\ \hline \text{Capital accounts ...
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Opening stock ₦ Department A B 100 800 ...
Sales--------------- 120,000 Purchase-----------100,000 Opening stock-----10,000 Closing stock---...
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