Accounting JAMB

The cost method of charging goods to branch is used where?

A. branch stock adjustment account is in use
B. the retention of branch trading account is in addition to the cost of goods sold
C. goods are sent without invoice or any source documents
D. goods are of a perishable nature on which a pre-determined price is inapplicable

Correct Answer:

Option A – branch stock adjustment account is in use

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