The entries necessary for recording profit loading on goo...
The entries necessary for recording profit loading on goods sent to branch are
Debit branch stock account, credit branch stock adjustment account
Credit branch stock Adjustment account, debit goods, debit goods sent to branch account
Debit goods sent to branch account, credit branch stock account
Debit branch stock adjustment account, credit branch stock account
Correct answer is B
No explanation has been provided for this answer.
A bookkeeping error occurs when there is ...
Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hli...
A business operates on a mark-up of 25%. If cost of goods sold is N800,000. What is the profit? ...