Objectives of departmental accounts - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 6:

• JAMB 2011

The major objective of departmental accounts is to ascertain the?

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

Question 7:

• JAMB 2013

The objective of departmental account is to

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

Question 8:

• 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 9:

• JAMB 2018

Use the information below to answer the question .

	Total	P	Q		Total	P	Q
	₦	₦	₦		₦	₦	₦
Stock	3,000	2,000	1,000	Sales	10,000	6,000	4,000
Purchase	4,000	2,500	1,500	Closing Stock	2,000	1,500	500

Goods worth #300 was transferred from department Q to P. Similarly, P’s total expenses for the period was #200.
Department P’s net profit was

A. #2,500
B. #2,800
C. #3,000
D. #5,200

Question 10:

• 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