Use the following information to answer this question
A company charges out goods to a branch at cost plus 25 percent. It invoiced N12,00 worth of goods
The double entry required for the mark-up is debit Branch
a
Sales Account, credit Branch Adjustment Account
b
Adjustment Accoutnt, credit Branch Stock Account
c
Stock Account, credit Branch Adjustment Account
d
Adjustment Account, credit Branch Profit and Loss Account
e
Profit and Lost Account, credit Branch Stock Account
Explanation
Correct Option
cNo explanation available
Video Explanation
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