When Branch pays expenses for H.O. the following account is debited in the books of the branch _______

Related MCQs

• When an asset is acquired on hire purchase system, the asset account is debited with _______ of the assets in the books of the hire purchaser.
• When shares are forfeited, the share capital account is debited with ________ and the share forfeiture account is credited with __________.
• H.O. sent Rs 5000 as petty cash to branch during the year. Opening and closing balances of petty cash was Rs 1400 and Rs 400 respectively. Then petty expenses of the branch during the year will be ______
• The Branch Account prepared under Final Account System is the nature of:
• The balance of branch adjustment account is transferred to _________ account
• For finding the amount of sundry expenses paid by the branch, the following a/c should be prepared.
• All branch expenses such as rent, salary are paid by H.O in case of:
• In the books of hirer, for payment of installment hire vendor account will be ________
• In the books of hirer, for interest due at the end of the year hire vendor account will be _______
• In the books of Hirer, the interest and depreciation account will be transferred to ______.