The balance of branch adjustment account is transferred to _________ account

Related MCQs

• When Branch pays expenses for H.O. the following account is debited in the books of the branch _______
• After the issue of forfeited shares, balance of forfeited shares account Is transferred to
• The Branch Account prepared under Final Account System is the nature of:
• 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 ______
• Balance of realization A/c is transferred to the capital A/c of the partners in:
• The profit included in surplus or shortage of stock is transferred to ______ account
• On the retirement of a partner any reserve being should be transferred to the capital account of:
• In the books of Hirer, the interest and depreciation account will be transferred to ______.
• Which of the following accounts can be transferred to capital redemption reserve account?