Dependent branch makes:

Related MCQs

• When Branch pays expenses for H.O. the following account is debited in the books of the branch _______
• 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.
• 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 ______
• Goods are supplied by the head office to dependent branches are at:
• Under the stock and debtor system, Branch A/c is treated as ______
• HO sends goods to branch at 20% profit on invoice price, therefore the percentage of profit on cost comes to ______
• HO sends goods to branch at invoice price after adding 25% on cost price, so profit would be ___ % of invoice price
• For finding the amount of sundry expenses paid by the branch, the following a/c should be prepared.
• Stock and debtors system is generally used when goods are sent to the branch at _____
• H.O. sent goods to branch at invoice price 50% plus on original price. How many percentage of profit will be on Invoice price?