The correct entry to reflect the receipt of cash sent by a branch to a head office is?

Question 1 Report

The correct entry to reflect the receipt of cash sent by a branch to a head office is?

debit cash and credit branch current account

debit branch, current account and credit cash

credit branch, debtors and debit cash

credit branch current account and debit branch debtors

View Answer

Download The App On Google Playstore

Everything you need to excel in JAMB, WAEC & NECO

Green Bridge CBT Mobile App

Personalized AI Learning Chat Assistant

Thousands of JAMB, WAEC & NECO Past Questions

Over 1200 Lesson Notes

Offline Support - Learn Anytime, Anywhere

Green Bridge Timetable

Literature Summaries & Potential Questions

Track Your Performance & Progress

In-depth Explanations for Comprehensive Learning