The correct entry to reflect the receipt of cash sent by a branch to a…

Accounts - Principles of Accounts JAMB 2001

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 checkmark
  • debit branch, current account and credit cash
  • credit branch, debtors and debit cash
  • credit branch current account and debit branch debtors

The correct answer is: A

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