In final account system, Branch Trading and Profit & Loss A/c is prepared at ________
A) invoice price
B) cost price
C) cost & invoice price
D) market price
Correct Answer:
Verified
Q1: Branch Trading &Profit & Loss A/c is
Q3: Under Final A/c system, the profit or
Q4: The Branch Account prepared under Final Account
Q5: Dependent branch makes:
A)cash sales only
B)credit sales only
C)cash
Q6: All branch expenses such as rent, salary
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
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