Use the following information to answer the given question

$\begin{array}{c|c} \text{Opening stock} & \text{- Footwears Department} & N800 \\ & \text{- Stationary Department} & N600 \\ Purchases & \text{- Footwears Department} & N1,600 \\ & \text{- Stationary Department} & N2,800 \\ \text{Wages of shoe packers} & & N600 \\ & \text{-Salaries} & N1,200 \\ & \text{-Footwares} & N4,000 \\ Sales & \text{- stationery} & N6,000\end{array}$

Additional Information (i) No closing stock

(ii) Common expenses are to be shared in the ratio sales

The net profit of Footwares Department is

Similar Questions

Which of the following is not a purpose for which share premium may be utilized? ...

The current assets less current liabilities is ...

The salary of the chief Justice of the Federation is paid from the? ...

In a partnership goodwill is recognized when ...

Given: Opening capitaL................N7 000 Additional capital.............N3 500 Net..............

Using LIFO method of stock valuation, analyze the issue quantities and their prices ...

An overdraft is usually shown as a ...

Goods worth N300 was transferred from department Q to P Similarly, P's total expenses for the pe...

The opening balance of debtors is N100,000 and that of provision for doubtful debts is N1,000. If pr...

Which of the following transactions is a revenue expenditure? ...