Question 20

The necessary accounting entries to record scrapped container in accounting for containers, using container Trading Accounting method is

  • A.DEBIT: Container Stock Account, CREDIT: Container Trading Account
  • B.DEBIT: Container Trading Account, CREDIT: Container Stock Account
  • C.DEBIT: Container Profit Suspense Account, CREDIT: Container Control Account
  • D.DEBIT: Container Control Account, CREDIT: Container Trading Account
Objective

Question details

Exam body
OAU
Subject
Financial Accounting
Year
2017/2018
Question no.
#20
Type
Objective

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