Goods worth N300 was transferred from department Q to P Similarly, P’s total expenses for the period was N200. Department P’s net profit was?

By: |Published on: Dec 5|Categories: Accounting JAMB| 0 comments

A. N5 200
B. N3000
C. N2800
D. N2 500

Correct Answer:

Option D – N2 500

Users Also Read These:

SEE ALSO  If the purchase price exceeds the net assets of a company; the excess amount is debited to _______?

Copyright warnings! Do not copy.