The main reasons of keeping branch accounts
A) to find out the profit or loss of each branch for the accounting period
B) to ascertain the financial position of each branch at the end of the accounting year
C) to evaluate the progress and performance of each branch
D) All of these
Correct Answer:
Verified
Q20: HO sends goods to branch at 20%
Q21: Under stock and debtors system, which of
Q22: Under Debtors' system, credit sales are
A)Debited to
Q23: Branches may be classified into
A)Account branches and
Q24: Transaction between branches are called
A)Branch transaction
B)Inter branch
Q26: Profit generated from the branch is transferred
Q27: The price of goods sent by head
Q28: Branches not keeping full system of accounting
Q29: Which of the following is source of
Q30: Which of the following is not source
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