The cost of goods returned by branch to head office is debited?

By: |Published on: Mar 19|Categories: Accounting WAEC| 0 comments

A. Branch stock adjustment account
B. Goods sent to branch account
C. Branch stock account
D. Branch profit and loss account

Correct Answer: Option C

C. Branch stock account

Explanation

The head office will debit the particular branch asset (Branch Machinery, Branch Furniture, or Branch Building, branch stock account etc.) and credit Cash.

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