Branch stock adjustment account is prepared at?
Cost price
New price
Invoice price
Normal price
Correct answer is C
Branch stock adjustment account deals with the loading on the respective items of goods relating to Branch stock account.
Branch adjustment account is prepared at invoice price.
The difference between the two sides of this account reveals either gross profit (if credit side is greater than the debit side) or gross loss (if debit side is greater than the credit side).
4000
300
4300
5000
Correct answer is C
No explanation has been provided for this answer.
Formation
Dissolution
Winding up
Termination
Correct answer is B
No explanation has been provided for this answer.
In departmental accounting, which is not a transfer pricing_________
Cost based transfer price
Market based transfer pricing
Dual pricing system
Peak pricing
Correct answer is D
No explanation has been provided for this answer.
Price above or below the stipulated price
Any price but not below the transfer price
Cost price
A price that is equal to the mark up
Correct answer is A
Cost plus mark up is a pricing strategy in which the selling price is determined by adding a specific amount mark up to a product unit cost