Under debtors system depreciation on fixed asset is:
A) credited to branch A/c
B) debited to branch A/c
C) not shown in branch A/c
D) shown in debtors A/c
Correct Answer:
Verified
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
Q8: Under debtors system which account is prepared
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
Q14: Branch Account under Debtor System is
A)Real Account
B)Personal
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