Use the information below to answer the question.
Phebe Enterprises has two departments S and T, with the following information

S

Opening stock ————5,000

Purchases —————–26,000

Closing stock ————- 7,000

Sales ———————— 45,000

T

1,500

3,000

2,500

4,000

The following expenses are to be shared in the ratio of 4:1
Rent ₦ 8,300
General expenses ₦3,200

 

A. ₦2000
B. ₦300
C. (₦2000)
D. (₦300)

Correct Answer:

Option D = (₦300)

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