WAEC Accounting 2016 Objective — Question 38
Question 38 of 50 from the West African Examinations Council (WAEC) Accounting 2016 Objective paper, with the correct answer and a full explanation.
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38. The entries for credit sales at branch where the Head office keeps all records are: Debit A. Branch Stock Account; Credit Branch Debtors Account B. Branch Debtors Account; Credit Branch Stock Account C. Branch Debtors Account; Credit Branch Adjustment Account D. Branch Adjustment Account; Credit Branch Debtors Account
- A. Branch Stock Account; Credit Branch Debtors Account
- B. Branch Debtors Account; Credit Branch Stock AccountCorrect
- C. Branch Debtors Account; Credit Branch Adjustment Account
- D. Branch Adjustment Account; Credit Branch Debtors Account
Explanation
When the head office keeps the branch accounts, credit sales will be treated as Dr Branch debtors account, Cr Branch stock account.
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