Under the stock and debtor system, Branch A/c is treated as -
A) Joint A/c
B) Nominal A/c
C) Personal A/c
D) Real A/c
Correct Answer:
Verified
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
Q15: When goods are invoiced to Branch at
Q16: Goods sent by the Head Office to
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
Q21: If the opening balance of debtors is
Q22: Stock and debtors system is generally used
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