\(\begin{array}{c|c} \text{Branch stock account (at selli...
\(\begin{array}{c|c} \text{Branch stock account (at selling price)} & D346,000 - debit \\ \text{Branch mark-up account} & D62,000 - credit \end{array}\)
The concept applied in calculating the stock figure to be included in the balance sheet at the year end is
Matching
Consistency
Prudence
Entity
Correct answer is A
No explanation has been provided for this answer.
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