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

Question 56:

• JAMB 2019

Use the question to answer this question:

Opening stock	₦
DepartmentAB	100800
Purchases:ABWages of workersSalaries	1500200050100
SalesAB	30005000

Expenses are to be shared in the ratio of sales.


The cost of goods for department B is

A. 4,120
B. 3400
C. 3000
D. 2800

Question 57:

• JAMB 2019

Use the question to answer this question:

Opening stock	₦
DepartmentAB	100800
Purchases:ABWages of workersSalaries	1500200050100
SalesAB	30005000

Expenses are to be shared in the ratio of sales.


The net profit for departmental A is

A. 1880
B. 1600
C. 880
D. 425

Question 58:

• JAMB 2019

The objective of departmentalization is to

A. Ensure that departmental managers are adequately monitored
B. Record transactions for each department for better documentation
C. Tackle any recording problem as a result of expansion
D. Evaluate the profit of different departments

Question 59:

• JAMB 2019

Discount received is apportioned to each department on the basis of

A. Floor area
B. Turnover
C. Purchases
D. Horse power

Question 60:

• JAMB 2021

The major objectives of departmental account is to ascertain the

A. Materials sold in each department
B. Insurance premium payable on employees
C. Number of employees in each department
D. Contribution of each department to profit