Stock reserve in relation to closing stock appears
A) on the debit side of branch account
B) on the credit side of branch account
C) on the debit side of profit and loss account
D) on the credit side of profit and loss account
Correct Answer:
Verified
Q40: Branch account under stock and debtors system
Q41: When branch A sent goods to branch
Q42: Goods sent by the head office to
Q43: When a branch purchases fixed assets and
Q44: Depreciation on branch assets under debtors system
Q46: Branch adjustment account is in the nature
Q47: Cash remitted by branch but not received
Q48: Goods sent by branch X to branch
Q49: Under hire purchase system depreciation is charged:
A)on
Q50: Hirer charges depreciation on
A)hire purchase price
B)cash price
C)lower
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