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

Correct answer is C

No explanation has been provided for this answer.

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