Goods sent by the Head Office to the branch but not received by the branch are termed as
A) Cash in transit
B) Goods in transit
C) Independent goods
D) Abnormal loss
Correct Answer:
Verified
Q11: Branch which does not maintain its own
Q12: Usually dependent branch makes:
A)Cash sales only
B)Credit sales
Q13: Under Stock & Debtors system, which account
Q14: Branch Account under Debtor System is
A)Real Account
B)Personal
Q15: When goods are invoiced to Branch at
Q17: Under the stock and debtor system, Branch
Q18: Goods are sent to branch at cost
Q19: When Branch assets a/c is kept in
Q20: Which of the following branches, taking into
Q21: If the opening balance of debtors is
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