Branch Trading &Profit & Loss A/c is only a _________ account not forming part of the full accounting system.

Related MCQs

• In final account system, Branch Trading and Profit & Loss A/c is prepared at ________
• Branch Trading & Profit & Loss A/c is prepared to incorporate all _____
• 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:
• When Branch pays expenses for H.O. the following account is debited in the books of the branch _______
• Which accounting concept specifies the practice of crediting closing stock to the trading account?
• HO sends goods to branch at 20% profit on invoice price, therefore the percentage of profit on cost comes to ______
• The balance of branch adjustment account is transferred to _________ account
• The stock reserve for unrealised profit will be ________ to the H.O profit & Loss A/C