Question on: JAMB Accounting - 2017
The movement of goods from head office to a branch is treated in the head office as
A
Sales
B
issue
C
purchases
D
requisition
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Correct Option: B
The movement of goods from a head office to a branch is recorded in the head office's books as an issue. This reflects the transfer of inventory from the head office's stock to the branch. The head office doesn't consider this a sale because the goods are still within the same company, nor is it a purchase or requisition.
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