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.
In a partnership business, the net profit serves as opening figure for ...
i Operating machines ii Furniture iii Fixtures and fitting iv Loan from friends V Creditors W...
Subscription in advance is treated in the balance sheet as a ...
Stock of finished goods: Jan 1st Dec 31st Stock of Raw materials:...
Use the following information to answer the given question \(\begin{array}{c|c} & DR & CR...
Given: I. Settlement of debts II. Cessation of business III. Introduction of assets IV. Dispos...
Which of the following is not the purpose of a control account? ...