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

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Accounts - Principles of Accounts JAMB 2011

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

  • branch stock adjustment account is in use checkmark
  • 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

The correct answer is: A

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