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

Question 21:

• JAMB 2019

Discount received is apportioned to each department on the basis of

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

Question 22:

• JAMB 2021

Use the information below to answer the question

Gross profit b/dLess: Salaries and wages Electricity Depreciation Net profit c/d

Dept A ₦6,0001,800 ? 600?6,000

Dept B ₦4,0001,200 ? ?1,6004,000

Total ₦10,000 3,000 2,000 1,000 4,00010,000

It is the tradition of the organization to apportion expenses in the proportion 60%:40% for A and B respectively.
The depreciation to be charged to department B is

A. ₦500
B. ₦300
C. ₦400
D. ₦600

Question 23:

• JAMB 2021

In a departmental accounting system, which of the following expenses will most likely be apportioned on the basis of turnover

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

Question 24:

• JAMB 2021

Use the information below to answer the question.
Phebe Enterprises has two departments S and T, with the following information

S ₦Opening stock 5,000Purchases 26,000Closing stock 7,000Sales 45,000

T₦1,500 3,0002,5004,000

The following expenses are to be shared in the ratio of 4:1
Rent ₦8,300
General expenses ₦3,200
Determine the company's gross profit for the year

A. ₦23,000
B. ₦11,500
C. ₦12,500
D. ₦20,000