Head office sends goods to its branch at cost plus mark-u...
Head office sends goods to its branch at cost plus mark-up of of 25%. A debit of N40,000 to the branch stock account in the head office books will indicate that the head office has sent goods with a profit of
N4,000
N6,000
N10,000
N8,000
Correct answer is D
No explanation has been provided for this answer.
Similar Questions
In Manufacturing Account, prime cost plus factory overhead is known as ...
The allocation of funds from treasury to accounting heads in public sector is ...
Carriage inwards on raw materials is recorded in the ...
Given: Fixed assets Liabilities Current assets ₦ 55,000 20...
Beauty started business with ₦40,000, made a profit of ₦50,000 and ended the year with ₦70,000...
\(\begin{array}{c|c} July & 1 & \text{cash in hand, N420, Cash at Bank} & N6,500 \\ &...
The yearly depreciation using the straight-line method would be ...
Which of the following is a recurrent expenditure to a Local Government Council? ...