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The cost method of charging goods to branch is used where?
Question 1
Report
The cost method of charging goods to branch is used where?
branch stock adjustment account is in use
the retention of branch trading account is in addition to the cost of goods sold
goods are sent without invoice or any source documents
goods are of a perishable nature on which a pre-determined price is inapplicable
Answer Details
Read lesson note on Branch Accounts (JAMB)
Read lesson note on Departmental Accounts (JAMB)
Branch Accounts
Departmental Accounts
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