Question
15. Goods in transit are included in inventory: A. At any time in transit. B. When the purchaser is responsible for paying freight charges. C.
15. Goods in transit are included in inventory:
A. At any time in transit.
B. When the purchaser is responsible for paying freight charges.
C. When the supplier pays the freight charges.
D. When ownership has passed to the purchaser.
E. When the purchaser is responsible for paying freight charges and when ownership has
passed to the purchaser.
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Financial Accounting An Introduction
Authors: Pauline Weetman
4th Edition
0273703404, 978-0273703402
