PREVIOUS YEARS QUESTIONS & ANSWERS ( including expected theory questions)

🛑 What is hire purchase system ?
🛑 What do you mean by minimum rent ? 

🛑 What is single entry system ?
🛑What do you mean by Del- credere commission

🛑 What is down payment & Hire purchase price ?

🛑What is Account sales ?
🛑What are the difference between hire purchase and instalment method

🛑 DEPENDENT BRANCH
🛑 BRANCH ACCOUNTING

🛑GOODS IN TRANSIT

goods sent to branch by head office towards the end of the accounting period not received by the branch till the end of that period are known as goods in transit.



🛑CASH IN TRANSIT

 Branch may send cash to H.O. frequently. At the end of the accounting period, if there is any cash in transit, it should be adjusted just like goods in transit.


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