Generic Skill - Financial Accounting - 2

Front

which of the following is an correct when goods are sold from Head office to branch at cost price under stock and debtors method.
Options:
Branch Stock a/c
Branch Debtors a/c
Branch Exp's A/c
Branch P&L a/c
Goods sent to branch A/c
Branch Stock a/c
Branch Debtors a/c
Branch Adjustment A/c
Branch P&L a/c
Branch Stock a/c
Branch Debtors a/c
Branch Gross Profit a/c
Branch P&L a/c
Branch Stock a/c
Branch Debtors a/c
Branch Gross Profit a/c
Branch Net profit a/c

Back

Branch Stock a/c
Branch Debtors a/c
Branch Exp's A/c
Branch P&L a/c
Goods sent to branch A/c

Front

How many methods of dependent branch accounting is there?

Back

four

Front

Fill in the blanks : Opening Stock + Purchase _________ - (Sales + Closing Stock)

Back

Cost of goods Sold

Front

Expenses which cannot be apportioned to department must be shown in the __________

Back

Profit and Loss a/c

Front

When rate of interest, total cash price are given but instalment price is not given is ______ Method

Back

4th Method

Front

If a hirer fails to make payment of any instalment it's called.

Back

Default

Front

Choose the correct formula: Super profit = Average profit - Normal Profit

Back

Super profit = Average profit - Normal Profit

Front

Old Profit sharing ratio - New Profit Sharing ratio =___________

Back

Sacrificing ratio

Front

Goodwill at the time of Dissolution of Firm is Closed by transferring it to Partners' Capital Accounts.

Back

False

Front

On dissolution of a firm in which ratio profit and loss on realisation is distributed among the partners? Options: Capital ratio, profit sharing ratio, equally, in the ratio of amount due to each partner.

Back

profit sharing ratio