To record the transfer of stock from one department to an...
To record the transfer of stock from one department to another, the correct entry would be to debit?
Goods outwards and credit goods inwards
Merchandise account and credit department stock account
Department transfering and credit department receiving
Department receiving and credit department transfering
Correct answer is D
No explanation has been provided for this answer.
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A trader bought goods worth #16,000 and sold three-quarter of it for #20,000 The gross profit is ...
........................31/12/08...........31/12/09 Furniture and fittings..N21,000,............N...