HO sends goods to branch at 20% profit on invoice price, therefore the percentage of profit on cost comes to -
A) 15%
B) 25%
C) 33.33%
D) 20%
Correct Answer:
Verified
Q15: Branches not keeping full system of accounting
Q16: It is a system of finding out
Q17: _Account is prepared with a view to
Q18: Transaction between branches are called_.
A)Inter? branch transactions
B)Branch
Q19: _ represents goods sent by head office
Q21: Under stock and debtors system, which of
Q22: Under Debtors' system, credit sales are
A)Debited to
Q23: Branches may be classified into
A)Account branches and
Q24: Transaction between branches are called
A)Branch transaction
B)Inter branch
Q25: The main reasons of keeping branch accounts
A)to
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