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Use the information below to answer the question Gross profit b/d Less: Salaries and wages...

Accounts - Principles of Accounts
JAMB 2021

Use the information below to answer the question



Gross profit b/d
Less: Salaries and wages
          Electricity
          Depreciation
          Net profit c/d
 

Dept A
   ₦
6,000
1,800
   ?
  600
?
6,000

 Dept B
   ₦
4,000
1,200
   ?
   ?
1,600
4,000

Total
    ₦
10,000 
  3,000
  2,000
  1,000
  4,000
10,000

It is the tradition of the organization to apportion expenses in the proportion 60%:40% for A and B respectively.

What is the net profit made by department A?

  • A. ₦2000
  • B. ₦3600
  • C. ₦3000
  • D. ₦2400
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Correct Answer: Option D
Explanation
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