Branch which donot maintain its own set of books is__________.

Related MCQs

• Branch which does not maintain its own set of books is:
• When branch A sent goods to branch B in the books of branch A debit is given to
• 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
• When Branch assets a/c is kept in the books of H.O., the H.O. will debit following a/c for its depreciation-
• A few errors committed in Ahhiwalia's books of account are given below. State which errors would affect the Trial Balance. (a) Sales of `950 to Ram completely omitted from books of account (b) Purchases of `720 from Shyam entered in the purchases journal as `700 (c) Purchases Journal is overcast by `1,000 (d) Sales returns journal is undercast by `200 (e) Amount paid to Agarwal wrongly posted to the debit to Mittal's account (f) Bank overdraft shown under debit column in the Trial Balance (g) Sales of `500 to Sadiq entered in sales journal as sales to Mushtaq (h) Wages paid for installation of machinery debited to wages account
• The Head office account in the books of branch is debited with
• 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