Transfers from the head office to branches are best carried out at?
Cost price
Selling price
Cost plus mark-up
Market price
Correct answer is C
No explanation has been provided for this answer.
Discounts granted branch customers are treated as a debit to branch?
Stock account and a credit to branch debtors accounts
Discount account and a credit to branch bank account
Stock account and a credit to branch bank account
Discount account and a credit to branch debtors' account
Correct answer is D
No explanation has been provided for this answer.
How are credit sales by a department treated?
The same way as normal debtors' transactions
In a different way from normal debtors' transactions
As an addition to the production manager's account
As an addition to the production managers' account
Correct answer is A
No explanation has been provided for this answer.
Manufacturing accounts
Consolidated accounts
Departmental accounts
Joint venture accounts
Correct answer is C
No explanation has been provided for this answer.
Current assets
Current liability
Capital
Reserve
Correct answer is B
No explanation has been provided for this answer.