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Departmental account q4 study material new syllabus p.no12.29
Accountancy
ii memorandum stock account for the department a at the selling price iii. Memorandum departmental markup account I need explainatiom on this mark up mark down Why 25% on opening balance purchases and then
Answers (3)
Opening stock and purchases are given at cost, hence marked up as in Memorandum stock account, stock is shown at marked-up price and any subsequent markdown is credited in stock account. Entire question is solved on this fact - which is mentioned in the question itself. Can you please elaborate your query?
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