WAEC Accounting 2016 Objective — Question 37
Question 37 of 50 from the West African Examinations Council (WAEC) Accounting 2016 Objective paper, with the correct answer and a full explanation.
Advertisement
37. The Branchy Current Account records A. head office transactions with the branch B. branch transactions with the head office C. goods sent to branch at selling price D. cash received from branch
- A. head office transactions with the branchCorrect
- B. branch transactions with the head office
- C. goods sent to branch at selling price
- D. cash received from branch
Explanation
The branch current account is used to record the relationship between the branch and the head office.
Advertisement
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.