The stock reserve for unrealised profit will be ________ to the H.O profit & Loss A/C

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.
• ____________ account is prepared to adjust the loads included in the value of opening stock and closing stock.
• The profit included in surplus or shortage of stock is transferred to ______ account
• Profit and loss account is a
• In profit and loss account, if credit is more than the debit, the difference is
• Profit and loss is calculated at the stage of
• Under debtors system which account is prepared by head office to calculate profit or loss of each branch:
• Branch Trading &Profit & Loss A/c is only a _________ account not forming part of the full accounting system.
• In final account system, Branch Trading and Profit & Loss A/c is prepared at ________
• Under Final A/c system, the profit or loss made by the branch is determined by preparing