Which of the following entries is effected by a department when goods are charged to…

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
Correct Answer: Option B
Explanation
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