Under the stock and debtor system, Branch A/c is treated as –

Related MCQs

• 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.
• Branch Account under Debtor System is
• When branch A sent goods to branch B in the books of branch A debit is given to
• Branch stock account is a practical means of controlling stock at
• Branch account under stock and debtors system is a ________ account
• Under stock and debtors system, which of the following accounts is prepared with a view to ascertain Gross Profit of the Branch?
• Under Stock & Debtors system, which account is prepared by H.O to ascertain the Gross Profit earned by the branch:
• Opening Stock ` 15,000, Closing Stock ` 6,000, Total Purchase during the year ` 30,000. Given that Opening Stock inadvertently includes postage stamps of ` 1,500. Find the cost of goods sold
• Goods are transferred from Department X to Department Y at a price so as to include a profit of 33.33% on cost. If the value of closing stock of Department Y is ` 48,000, then the amount of stock reserve on closing stock will be
• Goods are transferred from Department A to Department B at a price so as to include a profit of 33.33% on cost. If the value of closing stock of Department Y is `36,000, then the amount of stock reserve on closing stock will be