Use the information below to Answer questions 46 and 47.
Among Limited invoiced goods at a cost of N10,000 to its Ikeja branch at a marginal of 20%. The branch later returned goods worth N1,200 at invoice price to the head office.
The profit marginal should be?
- debit to goods sent to branch account
- debit to branch stock adjustment account
- credit to branch adjustment account
-
credit to branch stock adjustment account
