Accounting and Finance Assignment, UUM, Malaysia Great Excel Traders has a branch at Kota Tinggi. All accounts are maintained at the Head Office in Johor Bahru

University Universiti Utara Malaysia (UUM)
Subject Accounting and Finance

Great Excell Traders has a branch at Kota Tinggi. All accounts are maintained at the Head Office in Johor Bahru from where all purchases are made. Goods supplied to the two branches are invoiced at a selling price which is cost plus 40%. The Head Office pays the branch expenses and depreciates the fixed assets at the branches at the rate of 15% per annum on cost.

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