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Goods returned to branch by customers is recorded in the head office books be debiting?

Accounts - Principles of Accounts
JAMB 2010

Goods returned to branch by customers is recorded in the head office books be debiting?

  • A. bank account and crediting branch stock account
  • B. goods sent to branch account and crediting branch debtors''account
  • C. branch stock account and crediting branch debtors account
  • D. branch debtors' and credting cash acount
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Correct Answer: Option C
Explanation

By debiting branch stock account and crediting branch debtors account

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