When goods are invoiced to Branch at selling price, the value of goods is adjusted by
A) Debiting goods sent to Branch Account
B) Crediting goods sent to Branch Account
C) Debiting Stock to Reserve Account
D) Crediting Stock to Reserve Account
Correct Answer:
Verified
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
Q16: Goods sent by the Head Office to
Q17: Under the stock and debtor system, Branch
Q18: Goods are sent to branch at cost
Q19: When Branch assets a/c is kept in
Q20: Which of the following branches, taking into
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