JAMB - Accounts Principles Of Accounts (2023 - No. 14)
When goods are received from head office, head office will be credited while
sales will be debited
requisition will be debited
issue will be debited
purchases will be debited
Explanation
Goods received from head office
Accounting entries:
Dr: Purchase account
Cr: Head office current account
Accounting entries:
Dr: Purchase account
Cr: Head office current account
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