Actual petty expenses paid by branch from petty cash are to br shown separately in Branch Account.

Related MCQs

• Deposits from Society and individuals should be shown separately to the …….. side of balance sheet.
• Under…………… entry system, Personal Accounts and Cash Book are kept separately.
• 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 removal of loading from the items of branch stock is adjusted through branch……………..Account
• The closing balance of book debts account is ascertained by preparing branch ………………Account.
• Under the………………… entry system personal accounts, cashbook and other subsidiary books are kept separately.
• ………….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
• The method of Branch Accounting varies with the nature and the status of branch.
• Interest paid and payable comes to the……………side of the profit and loss account.