What is branch accounting

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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What is branch accounting
Branch
plus 29% 1he following tr
December, 2001,
took place in te mouth of
125000
15900
50.900
37.500
3.200
20000
625
Credit sales by branch
You are required to prepare
Goods sent to branch account
Branch stock account
b.
Branch debtors account
Branch stock adjustment account
C.
WASSCE NOV.2003
d.
Transcribed Image Text:Branch plus 29% 1he following tr December, 2001, took place in te mouth of 125000 15900 50.900 37.500 3.200 20000 625 Credit sales by branch You are required to prepare Goods sent to branch account Branch stock account b. Branch debtors account Branch stock adjustment account C. WASSCE NOV.2003 d.
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