Use the information to answer the question given.$\begin{array}{c|c} \text{Branch stock account (at selling price)} & D346,000 - debit \ \text{Branch mark-up account} & D62,000 - credit \end{array}$The concept applied in calculating the stock figure to be included in the balance sheet at the year end is

Question

Use the information to answer the question given.$\begin{array}{c|c} \text{Branch stock account (at selling price)} &amp; D346,000 - debit \ \text{Branch mark-up account} &amp; D62,000 - credit \end{array}$The concept applied in calculating the stock figure to be included in the balance sheet at the year end is

Lessonnotes Admin · Accepted Answer

The answer is A. matching.