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Use the information below to answer the questionPrime cost..................₦1...


Question

Use the information below to answer the question

Prime cost..................₦12 100
Lighting....................₦10 000
Heating.....................₦15 000
Factory overhead............?

The production department's share of factory overhead is 1/4 and 1/2 of lighting and heating respectively.

Interest on the drawings of partners is treated in the

Options

A)
profit and loss appropriation account
B)
goodwill account
C)
profit and loss account
D)
trading account

The correct answer is A.


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