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Commerce · Q1845

Accounting

Graduate and Post Graduate · Commerce · question 1845

Q1845

The adjustment entry passed to eliminate the inter company owing is

A.
Debit Amalgamation Adjustment A/c, Credit Sundry Debtors A/c
B.
Debit Sundry Debtors A/c, Credit Statutory Reserve A/c
C.
Debit Sundry Creditors A/c, Credit Sundry Debtors A/c
Answer
D.
Debit Amalgamation Adjustment A/c, Credit Statutory Reserve A/c

Answer: Option C

Solution

Answer: Option C
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