File Name: home office and branch accounting test bank .zip
Shipment to Branch account has no beginning balance, because this was closed at the end of Error in recording shipment to Cavity branch 12, Error in recording shipment to Tagaytay branch 15, Pendapatan Investasi Investment Income.
- CHAPTER 4 ACCOUNTING FOR BRANCHES; COMBINED FINANCIAL STATEMENTS HIGHLIGHTS OF THE CHAPTER
- Test bank of Advanced Accounting by Guerrero & Peralta CHAPTER 12
- AFAR 2: HOME OFFICE AND BRANCH ACCOUNTING
Embed Size px x x x x Instructions:Choose the most correct answer for each of the following questions. On February 14, , Therese Company established a sales agency in Tagbilaran.
CHAPTER 4 ACCOUNTING FOR BRANCHES; COMBINED FINANCIAL STATEMENTS HIGHLIGHTS OF THE CHAPTER
On February 14, , Therese Company established a sales agency in Tagbilaran. Upon establishment of the sales agency, the home office sent samples costing P8, and a working fund of P3, to be maintained on the imprest basis. During the six months period, the sales agency reported to the home office sales orders. These were billed at P70, of which of P40, was collected the sales agency paid expenses of P5, but was reimbursed by the home office. On August 15, , the sales agency samples were valued at P2, The cost of sales of the sales agency for the six months period is a. P42, c.
Test bank of Advanced Accounting by Guerrero & Peralta CHAPTER 12
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Cash 30, · Home office 30, · Shipment to branch 75, · Home office · Accounts payable 10, · Sales , · Investment in branch 2, · Shipment from.
AFAR 2: HOME OFFICE AND BRANCH ACCOUNTING
In this article we will discuss about the top sixteen accounting problems on Branch Accounts with their relevant solutions. From the following figures, prepare all the necessary accounts for the year ended 31st March, and Delhi Branch Account for the year ended 31st March From following particulars relating to Patna Branch for the year ending 31st March, , prepare accounts in the head office books:. Amrit Oils Ltd. From the following particulars relating to and ascertain the profit made at Delhi Branch in the two years.
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