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A company has two departments X and Y. Y transferred goods to X at a...

Accounts - Principles of Accounts
JAMB 2003

A company has two departments X and Y. Y transferred goods to X at a profit margin of 25%. N10,000 worth of goods was not sold at the end of the accounting period.
How much is the unrealized profit?
  • A. N2000
  • B. N2500
  • C. 12000
  • D. 12500
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Correct Answer: Option A
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