Use the information below to answer the question.
Use the information below to answer the question.
| Total | P | Q | Total | P | Q | ||
| ₦ | ₦ | ₦ | ₦ | ₦ | ₦ | ||
| Stock | 3,000 | 2,000 | 1,000 | Sales | 10,000 | 6,000 | 4,000 |
| Purchase | 4,000 | 2,500 | 1,500 | Closing Stock | 2,000 | 1,500 | 500 |
Goods worth #300 was transferred from department Q to P. Similarly, P’s total expenses for the period was #200.
Department P’s net profit was
2,500
2,800
3,000
5,200
Correct answer is A
No explanation has been provided for this answer.
UCHENNA ENTERPRISES: Balance sheet as at 31st December, 1993 \(\begin{array}{c|c} & N & N &a...
Which of the following subsidiary books involves cash movements? ...
As evidence of payment to a government treasury, revenue collectors issue ...
In the head office ledger, the value of goods sent to the branch are____________ ...
Forlah, a stock broker bought stationery for ₦12,000 by cash. To record this transaction, debit ...
The double entry for refund of unsuccessful application monies is debit ...