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    Financial Accounting
  4. Exam
    Exam 50: Accounting Arrangements and Operations for Branches
  5. Question
    The Adjustment Entry for Goods in Transit Is Passed in the Books
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The Adjustment Entry for Goods in Transit Is Passed in the Books

Question 4

Question 4

Multiple Choice

The adjustment entry for goods in transit is passed in the books of


A) Either the branch or the head office
B) Branch as well as Head office
C) Only Branch account.
D) Only Branch account

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