Use the information below to answer the question. Total P Q Total P Q ₦ ₦ ₦ ₦ ₦ ₦ Stock 3,000 2,000 1,000 Sales 10,000 6,000 4,000 Purchase 4,000 2,500 1,50...

Question 1 Report

Use the information below to answer the question.

  Total P Q   Total P Q
   
Stock 3,000 2,000 1,000 Sales 10,000 6,000 4,000
Purchase 4,000 2,500 1,500 Closing Stock   2,000 1,500    500

Goods worth ₦300 was transferred from department Q to P. Similarly, P’s total expenses for the period was ₦200.

Department P’s net profit was

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