Financial Accounting MCQ: When a branch purchases fixed assets and the assets account is to be kept in the books of the head office, the branch makes the following entry | Extra Education

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When a branch purchases fixed assets and the assets account is to be kept in the books of the head office, the branch makes the following entry

Correct Answer: debits head office credits bank

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Financial Accounting MCQ: When a branch purchases fixed assets and the assets account is to be kept in the books of the head office, the branch makes the following entry | Extra Education