The correct entry to reflect the receipt of cash sent by a branch to a head office is?

By: |Published on: Dec 9|Categories: Accounting JAMB| 0 comments

A. debit cash and credit branch current account
B. debit branch, current account and credit cash
C. credit branch, debtors and debit cash
D. credit branch current account and debit branch debtors

Correct Answer:

Option A – debit cash and credit branch current account

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