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What is the correct entry in the head office books at the point of initial...

Accounts - Principles of Accounts
JAMB 1999
What is the correct entry in the head office books at the point of initial transfer of the goods?
  • A. Branch stock account would be credited with
  • B. Branch stock account would be debited with N12,000
  • C. Goods sent to branch account would be debited with N10,800
  • D. Goods sent to branch account would be credited with N12,000
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Correct Answer: Option D
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts