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Of the following two statements, which one(s) is (are) correct, if any? S-1 A transfer of merchandise from the home office to one of its
Of the following two statements, which one(s) is (are) correct, if any?
S-1 A transfer of merchandise from the home office to one of its branches should be recorded with a decrease
in the branchs Home Office account.
S-2 A transfer of merchandise from the home office to one of its branches should be recorded with an increase
In the home offices Investment in Branch account.
a. S-1 and S-2.
b. S-1 only.
c. S-2 only.
d. Neither S-1 nor S-2.
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