Set aside from profit for an unknown liability
Of loss from trading activities
Of profit from trading activities
Set aside from profit for a specific purpose
Correct answer is D
No explanation has been provided for this answer.
Use the following information to answer the question below
D473,000
D438,000
D422,000
D410,000
Correct answer is B
No explanation has been provided for this answer.
Use the following information to answer the question below
D112,000
D84,000
D77, 000
D49,000
Correct answer is B
No explanation has been provided for this answer.
Which of the following is not a method of charging goods to the branch by its head office?
Net realizable value
Cost price
Cost-plus profit
Selling price
Correct answer is B
No explanation has been provided for this answer.
The accounting entries when goods are sold on credit at the branch are debit
Branch Debtors Account; credit Sales Accounts
Branch Current Account; credit Head Office Current Account
Branch Debtors Account; credit Head Office Current Account
Head Office Current Account; credit Sales Accounts
Correct answer is B
No explanation has been provided for this answer.