Goods are sent to branch at cost plus 20% .If closing stock of the branch is Rs 60,000 at invoice price, Rs____ will be credited to stock reserve a/c.
A) Rs. 10,000
B) Rs. 12,000
C) Rs. 6,000
D) Rs. 12,600
Correct Answer:
Verified
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
Q17: Under the stock and debtor system, Branch
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
Q23: Branch stock account is a practical means
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