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

Accounts - Principles of Accounts WAEC 1993

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

  • defalcations account and crediting branch stock acccount checkmark
  • mark-up account and crediting branch stock account
  • defalcations account and crediting profit and loss account
  • cash account and crediting branch stock account
  • branch stock account and crediting defalcations account

The correct answer is: A

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