Accounting JAMB

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 – N2000

Sunday

Share
Published by
Sunday
Tags: Accounting

Recent Posts

Categories of People an Offer Can Be Made To and Classifications of Contracts

100 Level Department of Business Administration exam questions and detailed answers. Download the answers in document…

16 hours ago

BAM 134 Theory Question: Factors Determining Span of Control in Organizations

100 Level Department of Business Administration exam questions and detailed answers. Download the answers in document…

16 hours ago

BAM 134 Theory Question: The Importance and Elements of Delegation in Organizations

100 Level Department of Business Administration exam questions and detailed answers. Download the answers in document…

16 hours ago

BAM 134 Theory Question: Recruitment, Selection, and Training Procedures in Organizations

100 Level Department of Business Administration exam questions and detailed answers. Download the answers in document…

16 hours ago

BAM 134 Theory Question: Short Notes on Key Management Theories

100 Level Department of Business Administration exam questions and detailed answers. Download the answers in document…

20 hours ago

BAM 134 Theory Questions: Effective Communication in Organizations: Characteristics and Consequences of Failure

100 Level Department of Business Administration exam questions and detailed answers. Download the answers in document…

20 hours ago