When goods are received from head office, head office will be credited while
FINANCIAL
JAMB 2023
When goods are received from head office, head office will be credited while
- A. sales will be debited
- B. requisition will be debited
- C. issue will be debited
- D. purchases will be debited
Correct Answer: D. purchases will be debited
Explanation
Goods received from head office Accounting entries: Dr: Purchase account Cr: Head office current account
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