Use the following information to answer the given questio...
Use the following information to answer the given question
Opening stock- Footwears DepartmentN800- Stationary DepartmentN600Purchases- Footwears DepartmentN1,600- Stationary DepartmentN2,800Wages of shoe packersN600−SalariesN1,200-FootwaresN4,000Sales- stationeryN6,000
Additional Information (i) No closing stock
(ii) Common expenses are to be shared in the ratio sales.
The profit of the Stationery Department is
N1,880
N1,600
N880
N520
N280
Correct answer is A
No explanation has been provided for this answer.
What is the net profit made by department S? ...
Given: Subscriptions received.........N200,000 Subscriptions owed.............N10,000 Subscript...
Which of the following is not part of the cost of production ...
In a partnership account, conversation of non-cash assets into cash is referred to as? ...
The accounting principle of double entry states that ...
Which of the following has multiple uses? ...
The assets of business can be classified broadly into ...
An asset was purchase for N343m in 2003. The estimated life of the asset was 3 years with a r...