When goods are sent to branch --- account is debited

BRANCH ACCOUNTS I

Quiz
•
Business
•
1st - 5th Grade
•
Hard
Sornaganesh Dr.
Used 13+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Branch
Head Office
Asset
Bank
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Under Debtors system, Head Office opens only ---- account
Head Office
Branch
Bank
Purchases
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Debtors system is adopted when branch is --- in size
Large
Medium
Small
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Under Debtors system --- account is prepared in order to calculate profit
Branch
Branch Debtors
Branch Stock
Branch Asset
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Branch account is prepared in the books of
Head office
Branch
6.
MULTIPLE SELECT QUESTION
1 min • 1 pt
When the debit side of a branch account exceeds the credit side, then the difference amount is known as branh -----
Profit
Loss
Liability
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Under Debtors system, credit sales are
Debited to the Branch account
Debited to Branch debtors account
Crediting to branch account
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