JAMB Accounting 2010 Objective — Question 37

37. The branch expenses paid by the head office are recorded in the books by debiting branch A. bad debt account and crediting branch debtors account B. expenses account and crediting bank account C. profit and loss account and crediting branch stock account D. discount allowed account and crediting branch debtors' account

• A. bad debt account and crediting branch debtors account
• B. expenses account and crediting bank accountCorrect
• C. profit and loss account and crediting branch stock account
• D. discount allowed account and crediting branch debtors' account