Branch stock adjustment account is prepared at?
...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).
The reward given to a debenture holder is called ...
Use the following information to answer the given question. \(\begin{array}{c|c} & ₦\\ \hli...
Use the following information to answer the given question RECEIPTS AND PAYMENTS ACCOUNT: ...
The major function of accounting bodies in Nigeria is to? ...
\(\begin{array}{c|c} & N \\ \hline sales & 45,000 \\ \text{Opening stock} & 20,000 \\ \t...
The difference between book keeping and accounting is that while ...
In a sales ledger, contra entry is found on the? ...
The major source of revenue for central/federal government is ...
April 11:Sold goods for cash N50,000 April 20: Bought goods for cash N30,000 April 26: Bough...