Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. using the centralized system record all necessary

using the centralized system record all necessary journal entries related to the two branches in...

80.2K

Verified Solution

Question

Accounting

image
using the centralized system record all necessary journal entries related to the two branches in the books of the center:
image
Question 1. 8 Marks The center Jana Electronles has two branches, Mideast and Gulf: Item Center Mideast Gulf Transferred goods at cost 60000 40000 Cash sales 45000 32000 Credit sales 15000 9000 Branches expenses 15000 10000 Center expenses 24000 Goods transferred from Mideast to West (5000) 5000 Returns to branches 3000 2500 Returns from branches to center 6000 4000 Ending Inventory 8000 6000 Instructions: Using the Centralized system, record all necessary journal entries related to the two branches in the books of the Center: Transaction Account title

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students