The difference between goods sent by head office and received by the branch is known as
___________.
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Answer:
Post office is the answer
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Introduction:
'Goods in transit' refers to items and other forms of inventory that have left the seller's shipping dock but have not yet arrived at the buyer's receiving dock. The idea is used to identify whether the buyer or seller has taken ownership of the items and who is paying for transportation.
Explanation:
At the end of an accounting period, items in transit require particular accounting attention since they are not physically present at either the seller's or the buyer's location.
As a result, the answer is goods in transit.
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