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WAEC Financial Accounting 2021 Question 24

Question 24

Branch Accounts

The value of goods sent to a branch is debited to the

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

Answer: D (Branch Stock Account)

Explanation

Goods sent are debited to Branch Stock Account and credited to Goods Sent to Branch Account.