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To record the transfer of stock from one department to another, the correct entry would...

Accounts - Principles of Accounts
JAMB 1999

To record the transfer of stock from one department to another, the correct entry would be to debit?
  • A. goods outwards and credit goods inwards
  • B. merchandise account and credit department stock account
  • C. department transfering and credit department receivving
  • D. department receiving and credit department transfering
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Correct Answer: Option D
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