The profit included in surplus or shortage of stock is transferred to ______ account
A) branch stock
B) branch expenses
C) branch adjustment
D) branch p&l
Correct Answer:
Verified
Q7: Branch Trading & Profit & Loss A/c
Q8: The difference between goods sent by H.O.
Q9: The stock reserve for unrealised profit will
Q10: _ account is prepared to adjust the
Q11: _ account shows the shortage or surplus
Q13: The balance of branch adjustment account is
Q14: An ordinary partnership business can have:
A)not more
Q15: In the absence of an agreement profit
Q16: In the absence of an agreement, Interest
Q17: Current accounts of the partners should be
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