The two accounts that are normally opened in the head office when goods are transferred to a branch are?
Answer Details
When goods are transferred from the head office to a branch, two accounts are opened in the head office. The first account is the Goods Sent to Branch Account which records the cost of the goods transferred. The second account is the Branch Stock Account which records the value of the goods remaining in the branch at any given time. Therefore, the correct answer is "Goods sent to branch account and branch stock account."