Department        K                    Y
Opening stock  #2,500          #800
Purchases   #120,000        #100,000
Sales         #180,000           #200,000
Salaries      #8,000             #30,000
Closing stock #3,000          #1,500
Rate expenses of #1,500 are apportioned in the ratio 1:2.

What is the net profit of Y?

The objective of departmental account is to

Which of the following is the capital reserve of a company

Given:
Applications were invited by the directors of Abiodun PLC for 500,000 ordinary shares of #1:00 each at #1:10 per share payable as follows;
On application 46k
On allotment 20k
1st Call 15k
2nd Call 19k

How much is to be paid for application?

The issued share capital is the number of shares that are