The Asa branch of Emene company Ltd, made a sales of N549...
The Asa branch of Emene company Ltd, made a sales of N549,000 from the goods sent from the head office during the period ended 31/12/94. These sales were based on a 22% mark up. If branch expenses were N34,400 and there were no discrepancies. What should be the profit of the branch for the period?
N6,500
N64,600
N85,380
N514,600
Correct answer is C
No explanation has been provided for this answer.
Goodwill is recognized in partnership when ...
The authority of the Accountant General to disburse from government fund is called ...
Which of the following expenses is apportioned between departments based on sales? ...
Which of the following is an item of prime cost? ...
If only wages is shown on the trial balance, it should be charged to the ...
A component of an overhead manufacturing cost is? ...
When a bill is negotiated to a bank, it is said be? ...
The rule of accounting equation requires that account payable should be placed under ...