The Head office account in the books of branch is debited with
A) Cash sent to the head office and goods returned to the head office
B) Cash and goods received from the head office
C) Head office expenses allocated to branch by the head office
D) None of the above
Correct Answer:
Verified
Q1: Up to the trial balance, the accounting
Q2: Under debtors system depreciation on fixed asset
Q3: Dependent branch makes :
A)Cash sales only
B)Credit sales
Q4: Branch which donot maintain its own set
Q5: An independent branch
A)Receives the goods from the
Q7: The adjustment entry for goods in transit
Q8: For depreciation on fixed assets, whose accounts
Q9: In case of inter-branch transactions, each branch
A)Opens
Q10: The Head Office Account maintained by the
Q11: Branches are divided into
A)Dependent
B)Independent
C)Foreign
D)All the above
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