Economics · Branch Accounting
Goods worth Rs. 30,000 have been sent by the Head Office, but the Branch received goods worth only Rs. 20,000 up to the closing date. What is the journal entry in the books of the Head Office for goods-in-transit of Rs. 10,000?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Head Office A/c Dr. Rs. 10,000 to Goods-in-transit A/c Rs. 10,000
- 2Goods-in-transit A/c Dr. Rs. 10,000 to Head Office A/c Rs. 10,000
- 3Head Office A/c Dr. Rs. 10,000 to Branch A/c Rs. 10,000
- 4Goods-in-transit A/c Dr. Rs. 10,000 to Branch A/c Rs. 10,000✓
Correct answer
Goods-in-transit A/c Dr. Rs. 10,000 to Branch A/c Rs. 10,000
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