Gross profit in the branch adjustment account is transfer...
Gross profit in the branch adjustment account is transferred to the branch____________
Income and expenditure account
Profit and loss account
Receipt and payment account
Trading account
Correct answer is B
Records profit on branch account
The method of ascertaining capital from income record is by preparing the ...
Equity shareholders' fund is ...
On January 1,2000, a club's assets and liabilities were as follows: Club house....................
Assets acquired is recorded by debiting _______? ...
Use the following to answer the given question \( \begin{array}{c|c} \text{Purchases} & 2,0...
Cost of raw materials available------ 32,000 Manufacturing wages -----10,000 Factory expenses...
Which of the following transactions is posted to the nominal ledger? ...