Multiple Choice
The main reasons of keeping branch accounts
A) to find out the profit or loss of each branch for the accounting period
B) to ascertain the financial position of each branch at the end of the accounting year
C) to evaluate the progress and performance of each branch
D) All of these
Correct Answer:
Verified
Correct Answer:
Verified
Q41: Transaction between branches are called_.<br>A)Inter? branch transactions<br>B)Branch
Q42: _ represents goods sent by head office
Q43: The price of goods sent by head
Q44: An example of cash flow from investing
Q45: Debtors system of keeping branch accounts are
Q47: An independent branch<br>A)Receives the goods from the
Q48: Depreciation is _ from/to net profit in
Q49: Cash from operating activities consists of:<br>A)Operating Profit<br>B)Decrease/Increase
Q50: Which of the following is not application
Q51: Under debtors system depreciation on fixed asset