Profit generated from the branch is transferred to
A) Branch profit and loss account
B) General profit and loss account
C) Branch expenses account
D) None of these
Correct Answer:
Verified
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
Q25: The main reasons of keeping branch accounts
A)to
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
Q31: Which of the following is not application
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