The normal and abnormal stock of goods doesn’t appear in branch account as the closing stock is at the…………….figure.

Related MCQs

• The closing balance of book debts account is ascertained by preparing branch ………………Account.
• The removal of loading from the items of branch stock is adjusted through branch……………..Account
• Stock and Debtors method of branch accounting is generally used where branch turnover is substantially
• Actual petty expenses paid by branch from petty cash are to br shown separately in Branch Account.
• Opening stock + purchases + direct expenses – closing stock =
• Loading on surplus in stock is………….to Branch Adjustment Account.
• In Branch Accounting the balance on stock reserved Account at the end of the period is shown in the balance sheet by the way of deduction from
• The method of Branch Accounting varies with the nature and the status of branch.
• ………….method of branch accounting is usually adopted when the branch is of the small size.
• If value of Insurance Policy is 21000, Stock on date of Fire is 24000 and Loss of stock is 20000 then Amount of Claim for stock will be ……………