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Do you offer video solutions for JAMB questions?

Yes, Examkits provides detailed video explanations for all JAMB past questions from 2000 to 2024, helping students understand how to solve each problem.

Examkits offers free practice for some subjects. However, full access requires a one-time affordable activation fee for each version of the app.

ACCOUNTING

JAMB 2007 - Question 11

Account 2007 JAMB Past Questions - Question 11: Goods worth N50 000 were sent at different times from head office to the branch during the year. By the end of the period, only N 40 000 worth of goods had arrived at the branch. Which of the following is correct about the treatment of this transaction?

Choose the most appropriate option for the gap .

Goods worth N50 000 were sent at different times from head office to the branch during the year. By the end of the period, only N 40 000 worth of goods had arrived at the branch. Which of the following is correct about the treatment of this transaction?

A: Branch should debit goods received from head office with # 50 000.

B: Head office should debit goods sent to branch account with #10 000.

C: Head office should debit goods sent to branch account with #50 000. .

D: Branch should debit goods received from head office with #10 000

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ACCOUNTING

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Correct Answer

Explanation