Goods - in - transit are shown in the balance sheet of
A) Branch
B) Head office
C) Both a and b
D) None of the above
Correct Answer:
Verified
Q15: When goods are invoiced to Branch at
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
Q21: If the opening balance of debtors is
Q22: Stock and debtors system is generally used
Q23: Branch stock account is a practical means
Q24: Wholesale prices are fixed above
A)Cost
B)Invoice price
C)Both a
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