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ACCOUNT

JAMB 2023 - Question 11

Account 2023 JAMB Past Questions - Question 11: When goods are received from head office, head office will be credited while

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

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Correct Answer

Explanation

Goods received from head office
Accounting entries:
Dr: Purchase account
Cr: Head office current account