fill in the blanks with suitable word 608202

Fill in the blanks with suitable words

1. _______ branches are situated in the same country, where H.O. is situated.
2. _______ branches cannot procure goods from local sources.
3. To meet incidental expenses, branch managers are supplied with petty cash on _________ system.
4. Dependent branches keep only _______ records.
5. _______ branches do not perform accounting functions for themselves.
6. Generally, a branch account is a combination of real and ________ accounts.
7. Sales returns, bad debts, discounts allowed do not appear in the _________ under Debtors system.
8. To ascertain missing figure in respect of debtors, _________ A/c is prepared.
9. A profit margin of 20% on sale price is equal to ________% profit on cost.
10. Under Debtors system, H.O. can calculate only ________ profit.
11. ________ and ________ purchases would not appear in the branch account.
12. The important limitation of Debtors system is the absence of control over ________.
13. Normal and abnormal losses are not adjusted with stock in the _______ Account under Debtors system.
14. Branch Stock Account is a ______ account in nature, under Stock Debtors System.
15. Branch Stock Account is always prepared at __________ price under Stock-Debtors System.
16. Invoice Price = Cost + ________.
17. Branch profit/loss is transferred to __________ Account.
18. Normal loss is a ________ charge, affects only the gross profit.
19. The stock reserve will be equal to the difference between the wholesale price and _________.
20. Goods in transit and cash in transit are to be treated as _________ and hence they are shown in the balance sheet.