Departmental Trading Account (Extract) Tota..

Question 1 Report

Departmental Trading Account (Extract)
	Total (₦)	P (₦)	Q (₦)		Total (₦)	P (₦)	Q (₦)
Stock	3,000	2,000	1,000	Sales	10,000	6,000	4,000
Purchases	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.

What was department Q's gross profit?

₦2 500

₦2 300

₦2 200

₦1700

Departmental Trading Account (Extract) Total (₦) P (₦) Q (₦) Total (₦) P (₦) Q (₦) Stock 3,000 2,000 1,000 Sales 10,000 6,000 4,000 Purchases 4,000 2,500 1,...