The amount of each invoiced goods sent to the branch is debited to?

Gross profit in the branch adjustment account is transferred to the branch?

Mamsa Nigeria Limited issued 20 000 ordinary shares of N1.50 per share on 2nd July 2002.
1500 ordinary shares were fully subscribed for and their monies received as below:

On application .........................N0.40
On allotment ...........................N0.20
First call (including premium ofN0.50)..N0.70

What is the balance of the ordinary share capital account after the first call was received?

The accounting principle that is applied to check arbitrary actions on the part of accountants is?

The loss of equipment in a fire disaster results in?