Goods in transit are shown in the balance sheet at ______
A) head office
B) branch
C) both
D) none of above
Correct Answer:
Verified
Q8: For finding the amount of sundry expenses
Q9: If the opening balance of petty cash
Q10: H.O. sent Rs 5000 as petty cash
Q11: Which of the following branches, taking into
Q12: Opening balance of debtors a/c is Rs
Q14: H.O. has sent goods on invoice price
Q15: The adjusting entry for difference between the
Q16: Stock and debtors system is generally used
Q17: H.O. sent goods to branch at invoice
Q18: Goods sent by HO but not received
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