When finished goods are sold at total sales value, the account to be debited is: (A) General Ledger Adjustment Account (B) Cost of Sales Account (C) Stores Ledger Control Account (D) Finished Goods Stock Ledger Control A
CS Executive · Cost and Management Accounting · PYQS · December 2017
When finished goods are sold at total sales value, the account to be debited is: (A) General Ledger Adjustment Account (B) Cost of Sales Account (C) Stores Ledger Control Account (D) Finished Goods Stock Ledger Control Account
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Integrated & Non-Integrated Accounts
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