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RAS TANURA CORP. has several branches. Goods costing P10,000 were transferred by the head office to Cebu Branch with the latter paying P1.200 for the
RAS TANURA CORP. has several branches. Goods costing P10,000 were transferred by the head office to Cebu Branch with the latter paying P1.200 for the freight cost. Subsequently, the head office authorized Cebu Branch to transfer the goods to Davao Branch for which the latter was billed for P10,000 cost of the goods and freight charge of P400 for the transfer. If the head office had shipped the goods directly to Davao Branch, the freight charge would have been P1,400. Question 1 = What are the pertinent entries in the books of the Home Office, and the Branches
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