Apportionment of expenses - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 11:

• JAMB 2013

When there is no basis of apportionment in an organization, the expenses should be apportioned based on

A. Sales
B. Purchases
C. Equality
D. Floor space

Question 12:

• JAMB 2014

In a departmental account, where no basis of apportionment exist, apportionment is

A. On profit basis
B. According to employee decision
C. According to material available
D. On equal basis

Question 13:

• JAMB 2014

In a departmental account, the expenses to be apportioned on the basis of turnover is

A. Carriage inwards
B. Returns outwards
C. Discount recieved
D. Carriage outwards

Question 14:

• JAMB 2015

Use the information below to answer this question.
A business has three departments x, y and z
You are given the following information
Selling and distribution expenses N5200
Rent for the yearN6000
Department turnover floor space in square metres
X N60,000 80
Y N80,000 60
Z N100,000 60
How much rent is apportioned to department Z?

A. N1, 500
B. N3, 000
C. N1, 800
D. N2, 000

Question 15:

• 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