The Asa branch of Emene company Ltd, made a sales of N549,000 from the goods sent from the head office during the period ended 31/12/94. These sales were based on a 22% mark up. If branch expenses were N34,400 and there were no discrepancies. What should be the profit of the branch for the period?

Similar Questions

Which of the following are examples of Nominal account? ...

Use the following information to answer the given question \(\begin{array}{c|c} & \text{1/1/8...

A crane hired by a building construction company would be classified as ...

\(\begin{array}{c|c} & N \\ \hline Sales & 200,000 \\ \text{Opening Stock} & 20,000 \\ p...

From which of the following sources are creditors control account most likely to be posted? ...

The claim on the assets of a business by outsiders is   ...

One of the reasons for the existence of the public sector is to?   ...

Where a wrong figure occurs in only one account with the second figure correctly stated, this is an ...

Debtors.................................N20 Provision for bad debts..................10% Provision...

Accounting standards are issued at the International level by the ...