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.
• Stock and debtors system is generally used when goods are sent to the branch at _____
• 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 ______
• When Branch pays expenses for H.O. the following account is debited in the books of the branch _______
• Under debtors system which account is prepared by head office to calculate profit or loss of each branch:
• Under Final A/c system, the profit or loss made by the branch is determined by preparing
• The Branch Account prepared under Final Account System is the nature of:
• ____________ account is prepared to adjust the loads included in the value of opening stock and closing stock.
• In final account system, Branch Trading and Profit & Loss A/c is prepared at ________
• Branch Trading &Profit & Loss A/c is only a _________ account not forming part of the full accounting system.