Home » Accounts (Principles of Accounts) » Given that 1/3 of the N6000 stock held by a branch is purchased from outsiders….

Given that 1/3 of the N6000 stock held by a branch is purchased from outsiders….

Given that 1/3 of the N6000 stock held by a branch is purchased from outsiders. If goods are invoiced to branch at 25% on cost, the provision for unrealized profit is?
  • A.
    N1000.00
  • B.
    N333.33
  • C.
    N666.66
  • D.
    N800.00
Correct Answer: Option D
Explanation