WAEC - Accounts Principles Of Accounts (2016 - No. 39)

The cost of goods returned by branch to head office is debited

Branch stock adjustment account

Goods sent to branch account

Branch stock account

Branch profit and loss account

Explanation

The head office will debit the particular branch asset (Branch Machinery, Branch Furniture, or Branch Building, branch stock account etc.) and credit Cash.

WAEC - Accounts Principles Of Accounts (2016 - No. 39)

Explanation

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