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Mark-up on goods sent to branch offices are recorded in the books by creating

Accounts - Principles of Accounts
WAEC 1993

Mark-up on goods sent to branch offices are recorded in the books by creating
  • A. stock adjustment account debiting branch stock account
  • B. goods sent to branch account and debiting branch stock account
  • C. branchh stock account and debiting stock adjustment account
  • D. cash account and crediting branch stock account
  • E. branch stock account and crediting defalcations account
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Correct Answer: Option A
Explanation
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