Actual petty expenses paid by branch from petty cash are to br shown separately in Branch Account.
A) true
B) false
C) both a and b
D) none of the above
Correct Answer:
Verified
Q4: All items of stock in Trading and
Q5: Foreign Branch almost invariably trade independently and
Q6: To fulfill the audit requirements under section
Q7: The branches which are totally dependent on
Q8: The independent branches are autonomous as they
Q10: The method of Branch Accounting varies with
Q11: Dependent branch doesn't keep any book of
Q12: ……………system of book keeping is the only
Q13: In single entry system it's difficult to
Q14: Single entry constitutes incomplete records rather than
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