A trader bought goods worth #16,000 and sold three-quarte...
A trader bought goods worth #16,000 and sold three-quarter of it for #20,000
The margin would be
1/2
1/5
2/5
2/3
Correct answer is B
Margin = Profit/Selling Price x 100
= 4,000/20,000 x 100
= 20%
= 20/100
= 1/5
Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hli...
\(\begin{array}{c|c} & N\\ \hline \text{Motor Van} & 120,000\\ \text{Buildings} & 300,00...
The double entry in the books to write off goodwill is ...
Which of the following is a real account item? ...
The journal has the following headings except ...
Industry ltd, issued 100,000 shares at ₦1 each out of its Authorized share capital of ₦200,000 a...