What is the accumulation fund?

How much is the unrealized profit?

A company has two departments X and Y. Y transferred goods to X at a profit margin of 25%. N10,000 worth of goods was not sold at the end of the accounting period. A. N2000 B. N2500 C. 12000 D. 12500 Correct Answer: Option A –...
What is the accumulation fund?

Four broad classifications of overheads are?

A. production, selling, distribution and material B. production, selling, distribution and administration C. selling, distribution and production and wages D. distribution, selling, administration and material Correct Answer: Option B – production, selling,...

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