User Account

All Pages

What the home office accounting records is

Assignment Help Financial Accounting
Reference no: EM132492365

Question 1: The appropriate journal entry for the home office to recognize the branch's expenditure of P10,000 for equipment to be carried in the home office accounting records is:

Option a.

Equipment     10,000

Inv in Branch  10,000

Option b. Home Office  10,000

Equipment       10,000

Option C. Investment in branch 10,000

Cash   10,000

Option d. Equipment-Branch  10,000

Inv in Branch  10,000

Reference no: EM132492365

Questions Cloud

How credits shipments from home office is required under : The branch of a business enterprise, an elimination that debits Shipments to Branch and credits Shipments from Home Office is required under
How you saw yourself in terms of race and ethnicity : The meaning of race and ethnicity is far clearer than most people think. In 150 words or more, answer the following questions explaining how you saw yourself.
Budget set of the consumer remains the same : If the prices of all goods and the consumer's income are multiplied by a constant a > 1, the budget set of the consumer remains the same.
Consider a two-person economy : Consider a two-person economy (persons A and B). Both A and B consume only two goods, x and y and their utility functions are given by
What the home office accounting records is : The appropriate journal entry for the home office to recognize the branch's expenditure of P10,000 for equipment to be carried in the home office accounting
Describe what happens in the commercial : First, you will describe what happens in the commercial. Assume that the reader has not seen it. Explain the use of words, images, and sounds. What do you see?
Summary of milton friedman background : Summary of Milton Friedman's background as it relates to economics. Do not include information that does not relate to economics such as birthplace
How shipment to branch ledger account is displayed in the ho : Inventory system of accounting for shipments of merchandise to the branch, the credit balance of the Shipments to branch ledger account is displayed in the HO
What are the two most common categories of conflict : What are the two most common categories of conflict? Describe the difference between process and product assessment. Define relevant messages.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd