Calculate the discount received in Department B \(\begin{...
Calculate the discount received in Department B Dept ADept BNSales250000500000Purchases150000250000Discount received24000Discount allowed15000
₦12,000
₦15,000
₦16,000
₦9,000
Correct answer is B
Before calculating the discount received in Dep. B
We need to calculate the percentage of purchases for Dep B
Out of the total purchases
Dep. A purchases 150,000
Dep. B purchases 250,000
400,000 - Total purchases
there4; 250,000×24,000(Total discount received) x 400,000 = 15,000
The apportionment of the cost of a fixed asset to the profit and loss account is termed? ...
The amount for which a business is sold is ...
Which of the following is not correct? ...
The balance sheet equation shows ...
In the absence of a sales day book or sales account the credit for sales can be computed from ...
Goods returned by the buyer is recorded in the seller's book as ...