Free account: track your progress — Sign up free

JAMB Accounting 2010 Objective — Question 36

Question 36 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2010 Objective paper, with the correct answer and a full explanation.

If goods were returned to branch by the Customers, the correct posting for this transaction is to debit

A. branch debtor's account and credit head office account
B. head office account and credit branch stock account
C. branch stock account and credit branch debtors accountCorrect
D. branch cash account and credit branch stock account

Explanation

When goods are returned to branch, the entry is: Dr Stock A/c; Cr Debtors A/c.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Accounting 2010 Objective More Accounting past papers