Multiple Choice
Under stock and debtors system, which of the following accounts is prepared with a view to ascertain Gross Profit of the Branch?
A) Branch Adjustment Account
B) Branch Profit and Loss Account
C) Branch Expenses Account
D) Goods Sent to Branch Account
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Branches may be classified into _.<br>A)Inland branches
Q2: In case of inter-branch transactions, each branch<br>A)Opens
Q3: Fund flow refers to changes in<br>A)application<br>B)sources<br>C)both a.
Q4: The adjustment entry for goods in transit
Q5: While calculating cash flow from operating activities
Q7: Under Debtors' system, credit sales are<br>A)Debited to
Q8: Which of the following is not an
Q9: ncrease in debtors causes _ in working
Q10: Which item comes under financing activities in
Q11: Cash flow statement is based on _