All branch expenses such as rent, salary are paid by H.O in case of:

Related MCQs

• When Branch pays expenses for H.O. the following account is debited in the books of the branch _______
• 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 ______
• For finding the amount of sundry expenses paid by the branch, the following a/c should be prepared.
• 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.
• Salary paid to partner should be:
• The rule debit all expenses and losses and credit all income and gains relates to
• Which of the following reserves which can be utilised to make partly paid shares into fully paid up:
• Branch Trading & Profit & Loss A/c is prepared to incorporate all _____
• Outstanding salary account is a
• If the opening balance of petty cash is Rs 1000, closing balance is Rs 500 and the petty cash received from HO is Rs 700, then what will be the amount of sundry expenses _____