Under the stock and debtor system, Branch A/c is treated as ______
A) joint a/c
B) nominal a/c
C) personal a/c
D) real a/c
Correct Answer:
Verified
Q1: Which of the following is not the
Q2: Matching concept means
A)assets = capital + liabilities
B)transactions
Q3: When Branch pays expenses for H.O. the
Q5: Goods are sent to branch at cost
Q6: HO sends goods to branch at 20%
Q7: HO sends goods to branch at invoice
Q8: For finding the amount of sundry expenses
Q9: If the opening balance of petty cash
Q10: H.O. sent Rs 5000 as petty cash
Q11: Which of the following branches, taking into
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