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,...
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?
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