The closing balance of book debts account is ascertained by preparing branch ………………Account.

Related MCQs

• 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 normal and abnormal stock of goods doesn’t appear in branch account as the closing stock is at the…………….figure.
• The removal of loading from the items of branch stock is adjusted through branch……………..Account
• Actual petty expenses paid by branch from petty cash are to br shown separately in Branch Account.
• The value of stock on the date of fire can be ascertained more precisely by preparation of a…………… Account
• A memorandum trading account is to be prepared to ascertained the value of stock on the date of fire.
• Profit and losses can’t be ascertained because Trading and Profit and loss account can’t be prepared.
• Dependent branch doesn’t keep any book of account as their entire Accounting work is performed by the head office.
• ………….method of branch accounting is usually adopted when the branch is of the small size.
• Stock and Debtors method of branch accounting is generally used where branch turnover is substantially