If the opening stock is 5% of sales. calculate the purchases
Use the information to answer the question.
...................................................30/9/06.......30/9/07.....
.......................................................N.............N.........
Accrued insurance premium........600...........710.......
Prepaid rent income....................490............630......
The cash book includes N1,850 and N,2,100 with respect to insurance premium and rent income respectively.
The insurance premium to be taken to the profit and loss account would be.
How much rent is apportioned to department K?
How much selling and distribution expenses is apportioned to department M?
