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In reconciling the branch and head office accounts, remittance in transit in the branch ...
Classroom
Accounts - Principles of Accounts Classroom
Jamb
Jamb 2005
Branch Accounts
Branch Accounts In The Head Office Books
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In reconciling the branch and head office accounts, remittance in transit in the branch books is treated as a?
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Debit entry
B
Credit entry
C
Contra entry
D
Reversal entry
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Show Explanation
Correct Answer:
Option C
Explanation:
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Accounts - Principles of Accounts
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