Multiple Choice
The Head office account in the books of branch is debited with
A) Cash sent to the head office and goods returned to the head office
B) Cash and goods received from the head office
C) Head office expenses allocated to branch by the head office
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q26: Payment to creditors would result in<br>A)Source of
Q27: Dependent branch makes :<br>A)Cash sales only<br>B)Credit sales
Q28: HO sends goods to branch at 20%
Q29: Cash from Operating activities will decrease due
Q30: _Account is prepared with a view to
Q32: Profit generated from the branch is transferred
Q33: Branch which donot maintain its own set
Q34: Cash from operations is equal to<br>A)Net profit
Q35: Redemption of preference share capital is shown
Q36: Which of the following items will affect