Goods sent by HO but not received by branch before the end of the year, by debiting it to goods in transit, which account should be credited? | Faculties

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Ranjeet

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📊 Financial Accounting 2

Q. Goods sent by HO but not received by branch before the end of the year, by debiting it to goods in transit, which account should be credited?

(A) cash a/c
(B) h.o. a/c
(C) trading a/c
(D) branch a/c

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✅ Correct Answer: (D) branch a/c

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