Which of the following entries is effected by a department when goods are charged to it at selling prices?
A stock account is debited
B purchases account is debited
C stock account is credited
D mark-up account is debited
Answer is B
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Which of the following entries is effected by a department when goods are charged to it at selling prices?
A stock account is debited
B purchases account is debited
C stock account is credited
D mark-up account is debited
Answer is B