Question 11

Cash stolen from branch-taking s is recorded in the Head Office books by debiting

  • A.defalcations account and crediting branch stock acccount
  • B.mark-up account and crediting branch stock account
  • C.defalcations account and crediting profit and loss account
  • D.cash account and crediting branch stock account
  • E.branch stock account and crediting defalcations account
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
1993
Question no.
#11
Type
Objective

More from this paper

See all Accounts - principles of accounts 1993 questions