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

Similar Questions

Maro Merchant Bank plc is to issue N500,000 ordinary shares of 50k each at N 3.00 per share. Applic...

Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hline...

In the head office ledger, the value of goods sent to the branch are____________ ...

\(\begin{array}{c|c} & D\\ \hline \text{Construction of classrooms} & 500,000\\ \text{Sinkin...

i. Space occupied by each department. ii. Average value of stock held by each department. iii. Dep...

Head office sends goods to its branch at cost plus mark-up of of 25%. A debit of N40,000 to the bran...

Use the following information to answer the given question. \(\begin{array}{c|c} & Ebrima &...

\(\begin{array}{c|c} & N \\ \hline \text{Sales} & 14,600 \\ \text{Purchases} & 5,500 \\ ...

Given: Prepaid b/f.......................N10?000 Cash paid during the year.........N20,000 The ...

Osei and Yabo were in partnership sharing profits and losses in the ratio of 2:3. On admitting Takwa...