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Questions and Answers
What was the total amount of credit sales made by AGARO Branch?
What was the total amount of credit sales made by AGARO Branch?
What was the expense incurred by AGARO Branch for operating expenses?
What was the expense incurred by AGARO Branch for operating expenses?
How much cash was remitted by AGARO Branch to the Home Office?
How much cash was remitted by AGARO Branch to the Home Office?
What was the Home Office cost of the merchandise shipped to AGARO Branch?
What was the Home Office cost of the merchandise shipped to AGARO Branch?
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What was the cost of merchandise sold by AGARO Branch?
What was the cost of merchandise sold by AGARO Branch?
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Study Notes
Cash Transfer
- Home Office forwarded Br 1,000 to AGARO Branch.
- AGARO Branch remitted Br 37,500 to Home Office.
Merchandise Shipment
- Home Office shipped Br 60,000 worth of merchandise to AGARO Branch.
Equipment Acquisition
- AGARO Branch acquired Br 500 equipment, recorded by Home Office.
Credit Sales
- AGARO Branch made credit sales totaling Br 80,000.
- Cost of merchandise sold by AGARO Branch was Br 45,000.
Collections
- AGARO Branch collected Br 62,000 in trade accounts receivable.
Operating Expenses
- AGARO Branch paid Br 20,000 in operating expenses.
- Home Office charged AGARO Branch Br 3,000 in operating expenses.
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Description
Test your knowledge on various accounting transactions related to the AGARO Branch and Home Office. This quiz covers cash transfers, merchandise shipments, equipment acquisition, credit sales, collections, and operating expenses. Gain a better understanding of financial management in a branch office context.
