Podcast
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?
- Br 80,000 (correct)
- Br 62,000
- Br 45,000
- Br 37,500
What was the expense incurred by AGARO Branch for operating expenses?
What was the expense incurred by AGARO Branch for operating expenses?
- Br 62,000
- Br 37,500
- Br 3,000
- Br 20,000 (correct)
How much cash was remitted by AGARO Branch to the Home Office?
How much cash was remitted by AGARO Branch to the Home Office?
- Br 60,000
- Br 1,000
- Br 37,500 (correct)
- Br 62,000
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?
What was the cost of merchandise sold by AGARO Branch?
What was the cost of merchandise sold by AGARO Branch?
Flashcards
Cash Forwarding
Cash Forwarding
Transferring funds from the Home Office to a branch for operational purposes. Increases the branch's cash balance and decreases the Home Office's cash balance.
Merchandise Shipment
Merchandise Shipment
Sending goods from the Home Office to a branch for sale. Increases the branch's inventory and decreases the Home Office's inventory.
Branch Equipment Acquisition
Branch Equipment Acquisition
Acquiring fixed assets like equipment by a branch. Branch records the asset, but ownership remains with the Home Office.
Branch Sales
Branch Sales
Signup and view all the flashcards
Branch Collections
Branch Collections
Signup and view all the flashcards
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.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
