Cash remitted by branch but not received by the head office is debited by the head office to _____

Related MCQs

• Goods sent by the head office to the branch but not received by the branch before the close of financial year are credited by head office to
• _________ represents goods sent by head office to the branch or by the branch to the head office but not received by other
• ABC Ltd. makes payments to its Sundry Creditors through cheques and the Cash Discount received on these payments is recorded in the Triple-columnar Cash Book. In the event of dishonour of any such cheques, the discount so received should be written back through (i) A debit to discount column of the Cash Book (ii) A credit to discount column of the Cash Book (iii) A credit to bank column of the Cash Book (iv) A debit to Discount Account through Journal Proper (v) A credit to Creditor‘s Account through Journal Proper
• Which of the following statements is/are true? (i) Cash Book records all cash receipts and cash payments (ii) Cash Book records all sale and purchase transactions of goods both in cash and on credit (iii) Cash Book records discount on Cash Payments
• Goods sent by the Head Office to the branch but not received by the branch are termed as
• From the following details ascertain the adjusted Bank balance as per Cash Book — Overdraft as per Cash Book ` 80,000; Cheque received entered twice in the Cash Book ` 5,000; Credit side of bank column cast short by ` 500; Bank charges amounting to ` 200 entered twice; Cheque issued but dishonoured ` 2,000
• The Head office account in the books of branch is debited with
• Goods sent by branch X to branch Y will be debited to ______
• When a branch purchases fixed assets and the assets account is to be kept in the books of the head office, the branch makes the following entry
• When branch A sent goods to branch B in the books of branch A debit is given to