Departmental Accounts - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 46:

• JAMB 2016

A business organization prepares departmental account in order to

A. Asertian the contribution of each department to the organization
B. Ascertain interdepartmental transfer
C. Build other branches
D. Know the number of departments in the organization

Question 47:

• JAMB 2016

The objective of departmental account is to

A. Ascertain the amount of profits or losses for the enterprise
B. Ascertain the amount of profits or losses for each department
C. Ascertain the cost of running the organization
D. Offset the loss of each department

Question 48:

• JAMB 2017

Calculate the discount received in Department B
\(\begin{array}{c|c} & \text{Dept A} & \text{Dept B} \\ \hline & N & \\ \hline \text{Sales} & 250 000 & 500 000 \\ \hline \text{Purchases} & 150 000 & 250 000 \\ \hline \text{Discount received} & 24 000 & \\ \hline \text{Discount allowed} & 15 000 & &
\end{array}\)

A. ₦12,000
B. ₦15,000
C. ₦16,000
D. ₦9,000

Question 49:

• JAMB 2017

\(\begin{array}{c|c} & \text{Dept A} & \text{Dept B} \\ \hline & N & \\ \hline \text{Sales} & 250 000 & 150,000 \\ \hline \text{Purchases} & 500,000 & 250 000 \\ \hline \text{Discount received} & 24 000 & \\ \hline \text{Discount allowed} & 15 000 & &
\end{array}\)
Determine the discount allowed by Department A

A. ₦5,000
B. ₦9,375
C. ₦5,625
D. ₦8,000

Question 50:

• JAMB 2018

Advertising expenses incurred on a product in a business organization should be charged to

A. Sales department
B. Production department
C. Purchase department
D. Administration department