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WAEC Financial Accounting 2006 Question 47

Question 47

Branch Accounts

Where the head office maintains all books of account, goods sent to branch is credited to

  1. A.Goods Sent to Branch Account
  2. B.Branch Stock Account
  3. C.Branch Stock Adjustment Account
  4. D.Head Office Current Account
Show the answer and explanation

Answer: A (Goods Sent to Branch Account)

Explanation

Debit branch stock, credit goods sent to branch.