The branch expenses paid by the head office is recorded in the books by debiting...
FINANCIAL
JAMB 2010
The branch expenses paid by the head office is recorded in the books by debiting branch?
- A. bad debt account and crediting branch debtor's account
- B. expenses account and crediting bank account
- C. profit and loss account and crediting branch stock account
- D. discount allowed account and crediting branch debtors' account
Correct Answer: B. expenses account and crediting bank account
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