ACCOUNTING

JAMB 2006 - Question 43

Account 2006 JAMB Past Questions - Question 43: Head office sends goods to its branch at cost plus mark-up of 25%. A debit of N40 000 to the branch stock account in the head office books will indicate that the head office has sent goods with a profit of

Choose the most appropriate option for the gap .
Head office sends goods to its branch at cost plus mark-up of 25%. A debit of N40 000 to the branch stock account in the head office books will indicate that the head office has sent goods with a profit of
A:
B:
C:
D:
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Correct Answer

D

Explanation