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WAEC Financial Accounting 2010 Question 38

Question 38

Branch Accounts

The accounting treatment when goods are sent to branch at cost is, debit Branch Stock Account and credit

  1. A.Branch Stock Adjustment Account
  2. B.Goods Sent to Branch Account
  3. C.Branch Debtors Account
  4. D.Branch Profit and Loss Account
Show the answer and explanation

Answer: B (Goods Sent to Branch Account)

Explanation

Goods sent to the branch: debit branch stock, credit goods sent to branch account.