____________ account is prepared to adjust the loads included in the value of opening stock and closing stock.
A) branch stock
B) branch adjustment
C) stock reserve
D) branch p&l
Correct Answer:
Verified
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
Q11: _ account shows the shortage or surplus
Q12: The profit included in surplus or shortage
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
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