In foreign branch fixed asset shall be converted at

Related MCQs

• Cost of fixed asset minus accumulated depreciation expenses of the fixed asset:
• When branch A sent goods to branch B in the books of branch A debit is given to
• By what rate the balance of head office account is converted in foreign branch
• 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
• Asset that can be converted into cash within a year are called _________asset
• 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
• Goods sent by branch X to branch Y will be debited to ______
• Under______ system branch profit or loss is ascertained by preparing branch accounts
• Goods sent by the Head Office to the branch but not received by the branch are termed as
• 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.