Use the information below to answer this question. .............Total......... Dept.P.............Dept.Q ...............N...............N.................N Sales.........10000............6000..............4000 Purchases......4000............1000..............3000 Discount received.1000..........?.....................
FINANCIAL
JAMB 2002
Use the information below to answer this question.
.............Total......... Dept.P.............Dept.Q
...............N...............N.................N
Sales.........10000............6000..............4000
Purchases......4000............1000..............3000
Discount received.1000..........?..................
Discounts allowed..2000...........................?.
Discount (allowed and received) are apportioned to the two departments on the basis of departmental sales and purchases.
Department P's share of discount received is
- A. N750
- B. N1000
- C. N250
- D. N500
Correct Answer: C. N250
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