JAMB Accounting 2011 Objective — Question 35

Question 35 of 49 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2011 Objective paper, with the correct answer and a full explanation.

The correct entries to record goods transferred to branch from head office is to debit

A. A. branch stock account and credit goods sent to branch accountCorrect
B. B. branch supplies account and credit branch stock account
C. C. branch stock account and credit purchases account
D. D. goods sent to branch account and credit branch stock account

Explanation

When goods are sent to the branch by head office, the accounting entry is: Debit Branch stock account, Credit Goods sent to branch account.

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