Question

under stock and debtors system the head office opened_____​

Answer 1

Answer:

Under the Debtors System, the profit or Joss can be found out by preparing a Branch Account in the books of Head Office. The Branch Account has been treated as a customer, a personal account in an impersonal name. This type of accounting treatment works well in small Branches.

Answer 2

Answer:

branch adjustment account

Explanation:

What is the stock and debtors system?

• A company's stock system is thought of as the valuation of its accounting shares, which allows it to carry out commercial activities in the desired market.
• A question that reflects the stock and debtors system has been supplied to us.
• We must ascertain what the terms "stock" and "debtors system" mean.
• The stock system, which deals with the company's valuation in the market, is the periodic accountability of the desired stocks.
• The area of accountability known as the debtors system is thought to deal with the creditworthiness of the many items handled and provided in the relevant locations.

What is a branch adjustment account?

• The invoice price is used to create the Branch Stock Adjustment Account.
• If the credit side is bigger than the debit side, the difference between the two sides of this account indicates either gross profits or gross losses (if debit side is greater than the credit side)

To learn more about the topic:

branch adjustment account:

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stock and debtors system​:

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