Branch stock adjustment account is prepared at?
- Cost price
- new price
-
invoice price
- normal price
The correct answer is: C
Explanation
Branch stock adjustment account deals with the loading on the respective items of goods relating to Branch stock account.
Branch adjustment account is prepared at invoice price.
The difference between the two sides of this account reveals either gross profit (if credit side is greater than the debit side) or gross loss (if debit side is greater than the credit side).