Under debtors system which account is prepared by head office to calculate profit or loss of each branch:
A) capital account
B) debtors account
C) branch account
D) branch adjustment account
Correct Answer:
Verified
Q3: Goods sent on consignment should be debited
Q4: In the books of consignee the expenses
Q5: In the books of consignee the sale
Q6: The system of keeping accounts generally adopted
Q7: Goods are supplied by the head office
Q9: Under debtors system depreciation on fixed asset
Q10: Independent Branch meant when separate account are
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
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