In the head office ledger, the value of goods sent to the branch are____________
If the purchase price exceeds the net assets of a company, the excess amount is debited to________________
Gross profit in the branch adjustment account is transferred to the branch____________
Ade, Tony, Rose share profit and losses in the ratio of 3 : 2 : 1 respectively. Ade retires and the remaining partners decide to take Ade’s share in the existing ratio. What is the new ratio?
Calls in advance are treated in the balance sheet as_______
