Departmental trading and profit and loss account - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 11:

• JAMB 2004

The depreciation to be charged to department T is ?

A. N30P00
B. N400
C. 500
D. N600

Question 12:

• JAMB 2004

The owner wishes to maintain an amount equal to \( \frac{1}{3} \)
of capital as drawings.
The amount withdrawn is

A. N2,100
B. N2,200
C. N4,400
D. N6,400

Question 13:

• JAMB 2004

The owner wishes to maintain an amount equal to \( \frac{1}{3} \)
of capital as drawings.
The cash book closing balance will be

A. N900
B. N2,400
C. N4,200
D. N4,600

Question 14:

• JAMB 2005

A company incurred N21 000 in running its four departments, namely J,K,L and M with a corresponding number of employees as 1500, 2000, 3000 and 500 respectively. What is the share of department K?

A. N9000
B. N6000
C. N4500
D. N1500

Question 15:

• JAMB 2007

A company has departments X, Y and Z. Department X occupies a space of Y while Z occupies half the space of Y. If the company pays N70 000 on rent, what is the amount of rent that should be allocated to Y?

A. N30 000
B. N40 000
C. N20 000
D. N10 000