Use the following information to answer this question
A company charges out goods to a branch at cost plus 25 percent. It invoiced N12,00 worth of goods
A. Sales Account, credit Branch Adjustment Account
B. Adjustment Account, credit Branch Stock Account
C. Stock Account, credit Branch Adjustment Account
D. Adjustment Account, credit Branch Profit and Loss Account
E. Profit and Loss Account, credit Branch Stock Account
Correct Answer:
Option C – Stock Account, credit Branch Adjustment Account
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