Accounting JAMB

Which of the following is a common cause of a discrepancy between head office and branch trial balance?
Which of the following is a common cause of a discrepancy between head office and branch trial balance?Which of the following is a common cause of a discrepancy between head office and branch trial balance?

A. Debtors and cash in transit
B. Creditors and cash in transit
C. Stock and cash in transit
D. Stock and prepayments

Correct Answer:

Option A – Debtors and cash in transit

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