1. A branch customer remitted a P19,000 to the home office, The home office recorded this cash collection on December 22, 2008. Meanwhile, back at the branch, no entry has been made yet. At close of business on December 31, 2008. In preparing a reconciliation between Home office account and Investment in branch account, adjustment would be

Group of answer choices

a. Addition to Investment in branch account

b. Deduction to Investment in branch account

c. Deduction to Home office account

d. Addition to Home office account

2. A furniture costing the home office P4,600 was picked up by the branch as P460. The branch will maintain and use the asset. At close of business on December 31, 2008.. In preparing a reconciliation between Home office account and Investment in branch account, adjustment would be

Group of answer choices

a. Deduction to Home office account

b. Addition to Home office account

c. Deduction to Home office account

d. Addition to Investment in branch account

3. The branch had collected home office accounts receivable of P560; the home office was not notified. At close of business on December 31, 2009. In preparing a reconciliation between Home office account and Investment in branch account, adjustment would be

Group of answer choices

a. Addition to Investment in branch account

b. Deduction to Investment in branch account

c. Addition to Investment in branch account

d. Addition to Home office account

4. The branch writesoff uncollectible, accounts of P1,260. The allowance for doubtful accounts is maintained on the books of the home office. The home office was not yet notified. At close of business on December 31, 2008. In preparing a reconciliation between Home office account and Investment in branch account, adjustment would be

Group of answer choices

a. Deduction to Home office account

b. Deduction to Investment in branch account

c. Addition to Investment in branch account

d. Addition to Home office account

5. On December 28, 2009, the branch had returned supplies costing P220 to the home office; the home office had not recorded the receipt of the supplies as at Dec. 31. At close of business on December 31, 2009. In preparing a reconciliation between Home office account and Investment in branch account, adjustment would be

Group of answer choices

a. Addition to Investment in branch account

b. Addition to Home office account

c. Deduction to Investment in branch account

d. Deduction to Home office account

6. Insurance premium of P1,675 charged by the home office was taken up twice by the branch. At close of business on December 31, 2008. In preparing a reconciliation between Home office account and Investment in branch account, adjustment would be

Group of answer choices

a. Deduction to Home office account

b. Addition to Home office account

c. Addition to Investment in branch account

d. Deduction to Investment in branch account