.............Total......... Dept.P.............Dept.Q
.............Total......... Dept.P.............Dept.Q
...............N...............N.................N
Sales.........10000............6000..............4000
Purchases......4000............1000..............3000
Discount received.1000.....?...........
Discounts allowed..2000...........?.
Discount (allowed and received) are apportioned to the two departments on the basis of departmental sales and purchases.
Department P's share of discount received is
N750
N1000
N250
N500
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not a debit entry on a sales ledger control account? ...
The accountant general disburses government fund by the use of ...
The sales ledger contains accounts of ...
Prepayment is treated in the balance sheet of firm as a ...
A set of instruments fed into a computer for accomplishing a given task is a/an ...
The Assets and liabilities of Udo Co.ltd. as at 31st December, 2000. Creditors N50,000 Debtors N...