The branch expenses paid by the head office is recorded in the books by debiting branch?
The branch expenses paid by the head office is recorded in the books by debiting branch?
A bad debt account and crediting branch debtor’s account
B expenses account and crediting bank account
C profit and loss account and crediting branch stock account
D discount allowed account and crediting branch debtors’ account
Answer is B
Tag:2010 Jamb Accounting, Jamb, Jamb 2010 accounting questions and answers, Jamb 2010 financial accounting questions and answers, Jamb Accounting, Jamb accounting past questions, Jamb accounting past questions and answers, Jamb Accounts, Jamb financial accounting, Jamb financial accounting questions and answers, Jamb past questions and answers on accounting, Jamb past questions and answers on financial accounting, Joint Admissions and Matriculation Board
