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

Question 21:

• 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 22:

• JAMB 2005

Departmental accounts are prepared to aid the comparison of the?

A. Previous year's transactions
B. Daily profits
C. Workers' performances
D. Management performances

Question 23:

• 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 24:

• JAMB 2006

Departmentalization of accounts is useful because it shows the?

A. Overall performance of a firm
B. Price per unit of a product
C. Cost per unit of a product
D. Overall performance of a division

Question 25:

• 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