G

Gopal Sharma • 35.92K Points
Coach 

Q. Branch Trading &Profit & Loss A/c is only a _________ account not forming part of the full accounting system.

(A) single
(B) memorandum
(C) capital
(D) double

Correct Answer - Option(B)

Share

Discusssion

Login to discuss.

Be the first to start discuss.

Related Posts

Q. HO sends goods to branch at invoice price after adding 25% on cost price, so profit would be ___ % of invoice price

Q. Commission paid is a

Q. Goods sent by HO but not received by branch before the end of the year, by debiting it to goods in transit, which account should be credited?

Q. If the opening balance of debtors is Rs 16,000 and closing balance is Rs 80,000, cash received from debtors is Rs 35,000 and bad debts is Rs 1,000, then what will be the amount of credit sales?

Q. Which of the following branches, taking into consideration the scope of authority and responsibility, prepares its own independent final accounts?

Q. Right shares are issued to _________ shareholders

Q. Under Final A/c system, the profit or loss made by the branch is determined by preparing

Q. Branch Trading & Profit & Loss A/c is prepared to incorporate all _____

Q. Debentures can be issued only

Q. Section 37 of partnership act provided interest on the amount left by retiring or decreased partner at:

View All Posts