Question:
If goods are invoiced to the branch at cost, the trading results of the branch can be ascertained by which of the following methods:
(A) Debtors Method
(B) Trading and Profit and Loss Account (Final Account) Method
(C) Stock and Debtors Method
(D) Wholesale Branches Method
If goods are invoiced to the branch at cost, the trading results of the branch can be ascertained by which of the following methods:
(A) Debtors Method
(B) Trading and Profit and Loss Account (Final Account) Method
(C) Stock and Debtors Method
(D) Wholesale Branches Method
(A) Debtors Method
(B) Trading and Profit and Loss Account (Final Account) Method
(C) Stock and Debtors Method
(D) Wholesale Branches Method
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Use the method best suited to the complexity and size of the branch operations
Updated On: Jan 8, 2025
- (A), (B), and (D) only
- (A), (B), and (C) only
- (B), (C), and (D) only
- (C), (D) only
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The Correct Option is B
Solution and Explanation
-The trading results can be obtained by:
1. Debtors Method. Focus on credit sales and receivables.
2.Final Account Method. Comprehensive profit and loss evaluation.
3. Stock and Debtors Method. Simplifies branch accounting by consolidating inventory and receivables.
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