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?

by | Dec 6 | Accounting JAMB | 0 comments

A. N4000
B. N6000
C. N10000
D. N8000

Correct Answer:

Option D – N8000

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