WAEC Accounting 2021 Objective — Question 24
Question 24 of 50 from the West African Examinations Council (WAEC) Accounting 2021 Objective paper, with the correct answer and a full explanation.
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The value of goods sent to a branch is debited to the
- A. Goods Sent to Branch Account
- B. Branch Debtors Account
- C. Branch Adjustment Account
- D. Branch Stock AccountCorrect
Explanation
When goods are sent to a branch, the entry is debit Branch Stock Account, credit Branch Stock Adjustment Account (in the head office books).
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