JAMB Accounting 2011 Objective — Question 36

Question 36 of 49 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2011 Objective paper, with the correct answer and a full explanation.

The two accounts that are normally opened in the head office when goods are transferred to a branch are

A. A. Supplies and branch receipts account
B. B. branch stock account and goods sent to branch accountsCorrect
C. C. goods sent to branch account and branch receipt account
D. D. goods sent to branch and branch supplies

Explanation

The two accounts normally opened in the head office are the branch stock account and the goods sent to branch account.

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